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The following is a list of account titles and amounts ( in millions ) reported at December 3 0 , 2 0 1 8 ,
The following is a list of account titles and amounts in millions reported at December by KidTime Entertainment a leading manufacturer of games, toys, and interactive entertainment software for children and families:
Accounts Receivable $ Equipment $
Accumulated Amortization Goodwill
Accumulated Depreciation Inventory
Allowance for Doubtful Accounts Land
Buildings Licensing Rights
Cash and Cash Equivalents Prepaid Rent
Required:
Prepare the asset section of a classified balance sheet for KidTime Entertainment.
a Using KidTime's Net Sales Revenue of $million and its average Net Fixed Assets of $million calculate the fixed asset turnover ratio for
b Has the company generated more or less revenue from each dollar of fixed assets than in when the ratio was I won't need the excel since I don't understand thru it so plsss help me out. thanks.
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