E$9-1($Algo$)$ Preparing a Classifled Balance Sheet $[$LO $9-1,$ LO $9-7]$

The following is a list of account titles and amounts $($in millions$)$ reported at December $30,2018,$ by Agate Playthings a leading

manufacturer of games, toys, and interactive entertainment software for children and families:

Required:

Prepare the asset section of a classified balance sheet for Agate Playthings.

$2-$a$.$ Using Agate's $2018$ Net Sales Revenue of $$4,470($million$)$ and its average Net Fixed Assets of $$266($million$),$ calculate the fixed

asset turnover ratio for $2018.$

$2-$b$.$ Has the company generated more or less revenue from each dollar of fixed assets than in $2017,$ when the ratio was $18\mathrm{.}27?$

Complete this question by entering your answers in the tabs below.

Prepare the asset section of a classified balance sheet for Agate Playthings. $($Enter assets in the order of their liquidity. Enter

your answers in millions. Amounts to be deducted should be indicated by a minus sign.$)$