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The following is a list of account titles and amounts (In millions) reported at December 30, 2018, by Joyful Amusements a leading manufacturer of games,
The following is a list of account titles and amounts (In millions) reported at December 30, 2018, by Joyful Amusements a leading manufacturer of games, toys, and interactlve entertainment software for children and familles: Required: 1. Prepare the asset section of a classlfied balance sheet for Joyful Amusements. 2-a. Using Joyful's 2018 Net Sales Revenue of $4,530 (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 18.33 ? Complete this question by entering your answers in the tabs below. Prepare the asset section of a classified balance sheet for Joyful Amusements. (Enter assets in the order of their liquidity. Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.)
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