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 Patel & King Manufacturing 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: $ 1,100 735 Equipment Goodwill $ 480 585 490 Inventory 340 36 Land 7 230 670 Licensing Rights Prepaid Rent 1,865 345 1. Prepare the asset section of a classified balance sheet for Patel & King Manufacturing. 2-6. Using Patel & King's 2018 Net Sales Revenue of $4,600 (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 19.40? Complete this question by entering your answers in the tabs below. Prepare the asset section of a classified balance sheet for Patel & King Manufacturing. (Enter assets in the order of t liquidity. Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.) Patel & King Manufacturing Balance Sheet (partial) December 30, 2018 (in millions) Assets Current Assets: Total Current Assets Property, Plant, and Equipment Total Current Assets Property, Plant, and Equipment bok int int rences Property, Plant, and Equipment (at cost) Total Property, Plant, and Equipment (net) Other Assets Total Other Assets Total Assets Req 2A > Complete this question by entering your answers in the tabs below. eBook Hint Req 1 Req 2A Req 28 Print References) Using Patel & King's 2018 Net Sales Revenue of $4,600 (million) and its average Net Fixed Assets of $266 (million), calculate the fixed asset turnover ratio for 2018. (Round your answer to 2 decimal places.) Foxed Asset Tumover Ratio < Req 1 Req 28 >