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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 ot
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 ot December 30, 2018, by Diversion Industries a leading manufacturer of games, toys, and interactive entertainment software for children and familioc: 1. Prepare the asset section of a classified balance sheet for Diversion Industries. 2-a. Using Diversion's 2018 Net Sales Revenue of $4,580 (million) and its average Net Fixed Assets of $276 (million), caiculate 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 18.38 ? Diversion Industries Balance Sheet (partial) December 30,2018 (in millions) Assets Current Assets: \begin{tabular}{|l|l|} \hline & \\ \hline Total Current Assets \\ \hline Property, Plant, and Equipment \\ \hline & \\ \hline Total Property, Plant, and Equipment (net) \\ \hline Other Assets \\ \hline \end{tabular} Using Diversion's 2018 Net Sales Revenue of $4,580 (million) and its average ) fixed asset turnover ratio for 2018 . (Round your answer to 2 decimal places.)
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