Looking for help with part 1 and 2A in question E9-1 Preparing a Classified Balance Sheet [LO 9-1, LO 9-7]
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E9-1 Preparing a Classified Balance Sheet [LO 9-1, LO 9-7] 37 The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc. a leading manufacturer of games, toys, and interactive entertainment software for children and families: 2.48/0.55 points awarded Scored Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalente $1,133 Equipment 761 Goodwill 516 Inventories 43 Land 256 Licensing Rights 696 Prepaid Rent $ 506 611 366 7 1,851 371 cBook Required: Hint 1. Prepare the asset section of a classified balance sheet for Hashey, Inc. 2. Using Hasbro's 2015 Net Sales Revenue of $4,530 (million), its Net Fixed Assets of $240 (million) at December 28, 2014, and its Net Fixed Assets computed at December 27, 2015, calculate the fixed asset turnover ratio for 2015. Print Complete this question by entering your answers in the tabs below. References Req 1 Reg 2A Reg 2B Prepare the asset section of a classified balance sheet for Hashey, Inc. (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, INC Balance Sheet (partial) December 27, 2015 (in millions) Assets Current Assets Cash and Cash Equivalents Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaids S 696 $ 1,133 (43) OOOO 1,090 366 371 2,523 Total Current Assets Property, Plant, and Equipment Equipment Land OOO 506 7 7 256 516 Buildings Accumulated Depreciation Property. Plant, and Equipment (at cost) 1,285 X 1,285 Total Property, Plant, and Equipment (net) Other Assets Goodwill Licensing Rights Accumulated Amortization 611 bolo 1,851 (761) 1,701 Total Other Assets Total Assets $ 5,509 Reg 1 Req 2A > *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect: no points deducted E9-1 Preparing a Classified Balance Sheet (LO 9-1, LO 9-7] 37 The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc. a leading manufacturer of games, toys, and interactive entertainment software for children and families: 0.48/0.55 points awarded Scored Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents $1,133 Equipment 761 Goodwill 516 Inventories 43 Land 256 Licensing Rights 696 Prepaid Rent $ 506 611 366 7 1,851 371 eBook Required: Hint 1. Prepare the asset section of a classified balance sheet for Hashey, Inc. 2. Using Hasbro's 2015 Net Sales Revenue of $4,530 (million), its Net Fixed Assets of $240 (million) at December 28, 2014, and its Net Fixed Assets computed at December 27, 2015, calculate the fixed asset turnover ratio for 2015. Print Complete this question by entering your answers in the tabs below. References Reg 1 Req 2A Req 2B Using Hashey's 2015 Net Sales Revenue of $4,530 (million) and its Net Fixed Assets of $240 (million) at December 28, 2014, calculate the fixed asset turnover ratio for 2015. (Round your answer to 2 decimal places.) Fixed Asset Turnover Ratio 91.88
