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Assume the following is a list of account titles and amounts (in millions) reported at December 31, 2020, by Hasbro, Inc., a leading manufacturer of
Assume the following is a list of account titles and amounts (in millions) reported at December 31, 2020, by Hasbro, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families: Required: 1. Prepare the asset section of a classified balance sheet for Hasbro, Inc., assuming Hasbro follows ASPE. (Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.) \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ HASBRO, INC. } \\ \hline \multicolumn{2}{|c|}{ Excerpts from Balance Sheet } \\ \hline \multicolumn{2}{|c|}{ December 31, 2020} \\ \hline \multicolumn{2}{|c|}{ (in millions) } \\ \hline \multicolumn{2}{|l|}{ Assets } \\ \hline \multicolumn{2}{|l|}{ Current assets } \\ \hline \\ \hline \\ \hline & 0 \\ \hline \\ \hline \\ \hline \\ \hline Total current assets & 0 \\ \hline \multicolumn{2}{|l|}{ Property, plant, and equipment } \\ \hline \\ \hline \\ \hline \\ \hline & \\ \hline \multirow{2}{*}{ Total Property, plant, and equipment (at cost) } & 0 \\ \hline & \\ \hline Total property, plant, and equipment (net) & 0 \\ \hline \multicolumn{2}{|l|}{ Other assets } \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline Total other assets & 0 \\ \hline Total assets & $ \\ \hline \end{tabular} -a. Assuming that Hasbro's 2020 Net Sales Revenue was $3,522 (million) and its Net Fixed Assets was \$183 (million) at December 30, 019, calculate the fixed asset turnover ratio for 2020. (Round your answer to 2 decimal places.) -b. Has the company generated more or less revenue from each dollar of fixed assets than in 2019 , when the ratio was 20.00 ? Less revenue More revenue
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