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 millions) reported at December 30, 2018, by KidTime Entertainment a leading manufacturer of games, toys, and interactive entertainment software for children and families: Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents: Required: $ 1,092 727 Equipment Goodwill $472 577 482 43 Inventory Land 332 11 222 662 Licensing Rights Prepaid Rent 1,873 337 1. Prepare the asset section of a classified balance sheet for KidTime Entertainment. 2-a. Using KidTime's 2018 Net Sales Revenue of $4,640 (million) and its average Net Fixed Assets of $274 (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 20.44? Current Assets: Total Current Assets Property, Plant, and Equipment Kid Time Entertainment Balance Sheet (partial) December 30, 2018 (in millions) Assets Property, Plant, and Equipment (at cost) Total Property, Plant, and Equipment (net) 0 0 0 0 Property, Plant, and Equipment Property, Plant, and Equipment (at cost) Total Property, Plant, and Equipment (net) Other Assets Total Other Assets Total Assets Req 0 $ 0 Req 2A > Required: 1. Prepare the asset section of a classified balance sheet for KidTime Entertainment. 2-a. Using KidTime's 2018 Net Sales Revenue of $4,640 (million) and its average Net Fixed Assets of $274 (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 20.44? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 281 Using KidTime's 2018 Net Sales Revenue of $4,640 (million) and its average Net Fixed Assets of $274 (million), calculate the fixed asset turnover ratio for 2018. (Round your answer to 2 decimal places.) Fixed Asset Turnover Ratio < Req 1 Req 2B > Required: 1. Prepare the asset section of a classified balance sheet for KidTime Entertainment. 2-a. Using KidTime's 2018 Net Sales Revenue of $4,640 (million) and its average Net Fixed Assets of $274 (million), calculate the f 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 20.44? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 A Has the company generated more or less revenue from each dollar of fixed assets than in 2017, when the ratio was 20.44? More Revenue. Less Revenue