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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 tites 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 tites and amounts (in milions) reported at December 30, 2018, by Reyes Recreation a leadin manufacturer of games, toys, and interactive entertainment software for children and families: Required: 1. Prepare the asset section of a classified balance sheet for Reyes Recreation. 2-a. Using Reye's 2018 Net Sales Revenue of $4,490 (million) and its average Net Fixed Assets of $270 (millicn), calkulate the 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. Using Reye's 2018 Net Sales Revenue of \$4,490 (million) and its average Net Fxed Assets of $270 (million), calculate the fixed asset turnover ratio for 2018 . (Round your answer to 2 decimal places.)
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