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The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Hasbro, Incorporated, a leading manufacturer of games,
The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Hasbro, Incorporated, 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 $ 1,200 720 465 10 Equipment Goodwill Inventory Land Licensing Rights Prepaid Rent $ 530 485 445 5 2,160 270 190 1,180 Required: 1. Prepare the asset section of a classified balance sheet for Hasbro, Incorporated. 2-a. Using Hasbro's 2018 Net Sales Revenue of $4,580 (million) and its average Net Fixed Assets of $260 (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 19.77? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Prepare the asset section of a classified balance sheet for Hasbro, Incorporated. (Enter assets in the order of their liquidity. Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.) HASBRO, INCORPORATED Balance Sheet (partial) December 30, 2018 (in millions) Assets Current Assets: 0 Total Current Assets 0 Property, Plant, and Equipment The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Hasbro, Incorporated, 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 $ 1,200 720 465 10 190 1,180 Equipment Goodwill Inventory Land Licensing Rights Prepaid Rent $ 530 485 445 5 2,160 270 Required: 1. Prepare the asset section of a classified balance sheet for Hasbro, Incorporated. 2-a. Using Hasbro's 2018 Net Sales Revenue of $4,580 (million) and its average Net Fixed Assets of $260 (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 19.77? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Using Hasbro's 2018 Net Sales Revenue of $4,580 (million) and its average Net Fixed Assets of $260 (million), calculate the fixed asset turnover ratio for 2018. (Round your answer to 2 decimal places.) Fixed Asset Turnover Ratio
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