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The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hasbro, Inc., a leading manufacturer of games,
The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hasbro, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families: $ 415 595 380 5 1,860 290 Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents $1,235 Equipment 840 Goodwill 360 Inventories 15 Land 180 Licensing Rights 980 Prepaid Rent Required: 1. Prepare the asset section of a classified balance sheet for Hasbro, Inc. 2. Using Hasbro's 2015 Net Sales Revenue of $4,450 (million), its Net Fixed Assets of $240 (million) at December 28, 2014, and its Net Fixed Assets computed at December 27, 2015, calculate the fixed asset turnover ratio for 2015 HASBRO, INC Balance Sheet (partial) December 27, 2015 in millions) Assets Current Assets 0 Total Current Assets 0 Property, Plant, and Equipment Property, Plant, and Equipment (at cost) Total Property, Plant, and Equipment (net) 0 Other Assets Total Other Assets Total Assets 0 Using Hasbro's 2015 Net Sales Revenue of $4,450 (million) and its Net Fixed Assets of $240 (million) at December 28, 2014, calculate the fixed asset turnover ratio for 2015. (Round your answer to 2 decimal places.) Fixed Asset Turnover Ratio Has the company generated more or less revenue from each dollar of fixed assets than in 2014, when the ratio was 18.08? 0 | More Revenue Less Revenue
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