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The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Hashey, Incoporated a leading manufacturer of

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The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Hashey, Incoporated a leading manufacturer of games, toys, and interactive entertainment software for children and families: Accounts Receivable Equipment Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents Required: $ 1,112 $ 492 747 Goodwill 597 502 32 Inventory Land 352 8 242 682 Licensing Rights Prepaid Rent 1,837 357 1. Prepare the asset section of a classified balance sheet for Hashey, Incoporated. 2-a. Using Hashey's 2018 Net Sales Revenue of $4,460 (million) and its average Net Fixed Assets of $264 (million), calculate the fixed asset turnover ratio for 2018. 2-b. Has the company generated more or less revenue from each dollar of fixed assets than in 2017, when the ratio was 18.26? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Prepare the asset section of a classified balance sheet for Hashey, Incoporated. (Enter assets in the order of their liquidity. Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.) Hashey, Incoporated Balance Sheet (partial) December 30, 2018 (in millions) Current Assets: Cash and Cash Equivalents Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Rent Total Current Assets Property, Plant, and Equipment Land Assets $ 682 $ 1,112 (32) 1,080 352 357 2,471 8 Buildings 242 Equipment 492 Accumulated Depreciation (502) Property, Plant, and Equipment (at cost) 240 Total Property, Plant, and Equipment (net) 240 Other Assets Goodwill Licensing Rights Accumulated Amortization Total Other Assets Total Assets 597 1,837 (747) 1,687 $ 4,398 < Req 1 Req 2A >

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