The following is a list of account titles and amounts (in millions) reported at December 30,...
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The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by KidTime Entertainment a leading manufacturer of games, toys, and interactive entertainment software for children and families: Accounts Receivable. Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents Required: $ 1,119 751 Equipment Goodwill $ 496 601 506 35 Inventory Land 356 10 246 686 Licensing Rights: Prepaid Rent 1,841 361 1. Prepare the asset section of a classified balance sheet for KidTime Entertainment. 2-a. Using KidTime's 2018 Net Sales Revenue of $4,480 (million) and its average Net Fixed Assets of $268 (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 18.28? Current Assets: Total Current Assets Property, Plant, and Equipment KidTime Entertainment Balance Sheet (partial) December 30, 2018 (in millions) Assets Property, Plant, and Equipment (at cost) Total Property, Plant, and Equipment (net) Other Assets 0 0 0 0 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Using KidTime's 2018 Net Sales Revenue of $4,480 (million) and its average Net Fixed Assets of $268 (million), calcu fixed asset turnover ratio for 2018. (Round your answer to 2 decimal places.) Fixed Asset Turnover Ratio < Req 1 Req 2B > The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by KidTime Entertainment a leading manufacturer of games, toys, and interactive entertainment software for children and families: Accounts Receivable. Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents Required: $ 1,119 751 Equipment Goodwill $ 496 601 506 35 Inventory Land 356 10 246 686 Licensing Rights: Prepaid Rent 1,841 361 1. Prepare the asset section of a classified balance sheet for KidTime Entertainment. 2-a. Using KidTime's 2018 Net Sales Revenue of $4,480 (million) and its average Net Fixed Assets of $268 (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 18.28? Current Assets: Total Current Assets Property, Plant, and Equipment KidTime Entertainment Balance Sheet (partial) December 30, 2018 (in millions) Assets Property, Plant, and Equipment (at cost) Total Property, Plant, and Equipment (net) Other Assets 0 0 0 0 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Using KidTime's 2018 Net Sales Revenue of $4,480 (million) and its average Net Fixed Assets of $268 (million), calcu fixed asset turnover ratio for 2018. (Round your answer to 2 decimal places.) Fixed Asset Turnover Ratio < Req 1 Req 2B >
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