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 Diversion Industries a leadin 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: $ 1,124 755 Equipment Goodwill $ 500 510 38 Inventory Land 605 360 12 250 690 Licensing Rights Prepaid Rent 1,845 365 1. Prepare the asset section of a classified balance sheet for Diversion Industries. 2-a. Using Diversion's 2018 Net Sales Revenue of $4,500 (million) and its average Net Fixed Assets of $272 (million), calculate t 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 18.01? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Prepare the asset section of a classified balance sheet for Diversion Industries. (Enter assets in the order of their liquidity. Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.) Current Assets: Total Current Assets Property, Plant, and Equipment Diversion Industries Balance Sheet (partial) December 30, 2018 (in millions) Assets Property, Plant, and Equipment (at cost) Total Property, Plant, and Equipment (net) Other Assets Total Other Assets Total Assets Req 1 Req 2A Req 2B Using Diversion's 2018 Net Sales Revenue of $4,500 (million) and its average Net Fixed Assets of $272 (million), calculate the fixed asset turnover ratio for 2018. (Round your answer to 2 decimal places.) Fixed Asset Turnover Ratio Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Has the company generated more or less revenue from each dollar of fixed assets than in 2017, when the ratio was 18.01? More Revenue Less Revenue