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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: Buildings and Improvements Prepaids and Other Current Assets Allowance for Doubtful Accounts Other Non-current Assets Cash and Cash Equivalents Accounts Receivable Assets Current assets $ 202 178 Goodwill Machinery and Equipment 25 Accumulated Depreciation Inventories December 31, 2020 (in millions) 207 665 679 HASBRO, INC. Excerpts from Balance Sheet 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.) Other Intangibles Land and Improvements $ 510 448 368 336 603 8
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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 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.) 2-a. Assuming that Hasbro's 2020 Net Sales Revenue was $4,922 (million) and its Net Fixed Assets was $195 (million) at December 30 . 2019 , calculate the fixed asset turnover ratio for 2020 . (Round your answer to 2 decimal places.) 2-b. Has the company generated more of less revenue from each dollar of fixed assets than in 2019, when the ratio was 20.40 ? More revenue Less revenue

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