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The following is a list of account titles and amounts (in thousands) as reported at June 30, 2020, by Darian's Dirt Bikes, Inc., a retail
The following is a list of account titles and amounts (in thousands) as reported at June 30, 2020, by Darian's Dirt Bikes, Inc., a retail distributor of motorcycles: Buildings and Improvements Prepaids and Other Current Assets Allowance for Doubtful Accounts Other Non-current Assets Cash and Cash Equivalents Accounts Receivable $312 Goodwill 35 Accumulated Depreciation 50 Inventories $ 99 140 Machinery and Equipment 666 441 760 120 43 79 Other Intangibles 350 Land and Improvements Required: 1. Prepare the asset section of a classified balance sheet for Darian's Dirt Bikes, Inc. using ASPE. (Enter all amounts in thousands of dollars. Amounts to be deducted should be indicated by a minus sign.) Assets Current assets DARIAN'S DIRT BIKES, INC. Excerpts from Balance Sheet June 30, 2020 (in thousands) Total current assets Property, plant, and equipment Total property, plant, and equipment Total property, plant, and equipment (net) Other assets Total other assets Total assets 2-a. Using Darian's Dirt Bikes, Inc.'s 2020 Net Sales Revenue of $3,204 (thousand) and its Net Fixed Assets of $491 (thousand) at June 30, 2019, calculate the fixed asset turnover ratio for 2020. (Round your answer to 3 decimal places.) Fixed asset turnover ratio 2-b. Has the company generated more or less revenue from each dollar of fixed assets than in 2019, when the ratio was 6.00? O More O Less
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