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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 millions) 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 millions) reported at December 30, 2018, by Hashey, Incoporated 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 $ 1,112 747 502 32 242 682 Equipment Goodwill Inventory Land Licensing Rights Prepaid Rent $ 492 597 352 8 1,837 357 Required: 1. Prepare the asset section of a classified balance sheet for Hashey, Incoporated. 2-a. Using Hashey's 2018 Net Sales Revenue of $4,460 (million) and its average Net Fixed Assets of $264 (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 18.26? Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 2B Prepare the asset section of a classified balance sheet for Hashey, Incoporated. (Enter assets in the order of their liquidity. Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.) Hashey, Incoporated Balance Sheet (partial) December 30, 2018 (in millions) Assets Current Assets: 0 Total Current Assets 0 Property, Plant, and Equipment Property, Plant, and Equipment (at cost) 0 Total Property, Plant, and Equipment (net) 0 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Using Hashey's 2018 Net Sales Revenue of $4,460 (million) and its average Net Fixed Assets of $264 (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 Reg 2B Has the company generated more or less revenue from each dollar of fixed assets than in 2017, when the ratio was 18.26? More Revenue Less Revenue Req 2A Req 2B
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