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E9-1 (Algo) Preparing a Classified Balance Sheet [LO 9-1, LO 9-7] The following is a list of account titles and amounts (in milions) reported at
E9-1 (Algo) Preparing a Classified Balance Sheet [LO 9-1, LO 9-7] The following is a list of account titles and amounts (in milions) reported at December 30, 2018, by Reyes Recreation a leading manufacturer of games, toys, and interactive entertainment software for children and families: Required: 1. Prepare the asset section of a classified bolance sheet for Reyes Recreation. 2-a. Using Reye'\$ 2018 Net Sales Revenue of $4,490 (million) and its average Net Fixed Assets of $270 (million), calculate the fixed asset turnover ratio for 2018. 2-b. Has the compary generated more or less revenue from each dollar of fixed assets than in 2017 , when the ratio was 18.29 ? Complete this question by entering your answers in the tabs below. Prepare the asset section of a classilled balance sheet for Reyes Recreation. (Enter assets in the order of their liquidity. Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.)
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