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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,

image text in transcribedThe 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 $ 1,138 Equipment $ 510
Accumulated Amortization 765 Goodwill 615
Accumulated Depreciation 520 Inventories 370
Allowance for Doubtful Accounts 47 Land 9
Buildings 260 Licensing Rights 1,855
Cash and Cash Equivalents 700 Prepaid Rent 375

Required:

  1. Prepare the asset section of a classified balance sheet for Hashey, Inc.
  2. Using Hasbros 2015 Net Sales Revenue of $4,550 (million), its Net Fixed Assets of $225 (million) at December 28, 2014, and its Net Fixed Assets computed at December 27, 2015, calculate the fixed asset turnover ratio for 2015.
  3. Using Hasheys 2015 Net Sales Revenue of $4,550 (million) and its Net Fixed Assets of $225 (million) at December 28, 2014, calculate the fixed asset turnover ratio for 2015. (Round your answer to 2 decimal places.)
HASHEY, INC Balance Sheet (partial) December 27, 2015 (in millions) Assets Current Assets Cash and Cash Equivalents Accounts Receivable Allowance for Doubtful Accounts 0 Inventory Prepaids Total Current Assets Property, Plant, and Equipment Equipment Buildings Land 0 Property, Plant, and Equipment (at cost) Accumulated Depreciation 0 Total Property, Plant, and Equipment (net) Other Assets Licensing Rights Accumulated Amortization Goodwill 0 Total Other Assets 0 $ Total Assets

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