ints Skipped eBook Hint Print References The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Kid Time 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. 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? $ 1,092 Equipment Goodwill 727 482 Inventory 43 Land 222 Licensing Rights 662 Prepaid Rent $ 472 577 332 11 1,873 337

The following is a list of account titles and amounts (in milions) reported at December 30, 2018, by KidTime Entertainment a leading manufacturer of games, toys, and interactive entertainment software for children and families: 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 (miltion) and its average Net Fixed Assets of $274 (million), calculate the fixed asset tumover ratio for 2018 2b. Has the company generated more or less revenue from each doliar of fixed assets than in 2017 . When the ratio was 20.44