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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 | $ | 1,138 | 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:
- Prepare the asset section of a classified balance sheet for Hashey, Inc.
- 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.
- 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.)
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