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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,
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: Accounts Receivable $1,094 Equipment 474 Accumulated Amortization Goodwill 729 579 Accumulated Depreciation Inventories 484 334 Allowance for Doubtful Accounts 41 Land 10 Buildings Cash and Cash Equivalents Licensing Rights 224 1,871 339 664 Prepaid Rent Required: 1. Prepare the asset section of a classified balance sheet for Hashey, Inc. 2. Using Hasbro's 2015 Net Sales Revenue of $4,630 (million), its Net Fixed Assets of $214 (million) at December 28, 2014, and its Net Fixed Assets computed at December 27, 2015, calculate the fixed asset turnover ratio for 2015. 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 Total Current Assets 0 Property, Plant, and Equipment Equipment Land Buildings Property, Plant, and Equipment (at cost) 0 Accumulated Depreciation Total Property, Plant, and Equipment (net) Other Assets Goodwill Licensing Rights Accumulated Amortization Total Other Assets 0 Total Assets Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Using Hashey's 2015 Net Sales Revenue of $4,630 (million) and its Net Fixed Assets of $214 (million) at December 28, 2014, calculate the fixed asset turnover ratio for 2015. (Round your answer to 2 decimal places.) Fixed Asset Turnover Ratio Req 1 Req 2B Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Has the company generated more or less revenue from each dollar of fixed assets than in 2014,, when the ratio was 20.43? More Revenue Less Revenue KReq 2A Req 2B OC
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