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The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Agate Playthings a leading manufacturer of
The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Agate Playthings a leading manufacturer of games, toys, and interactive entertainment software for children and families: Accounts Receivable $1,115 Ints Accumulated Amortization Equipment 749 Goodwill $ 494 599 Accumulated Depreciation 504 Inventory 354 Allowance for Doubtful Accounts Buildings 34 Land 9 244 Cash and Cash Equivalents 684 Licensing Rights Prepaid Rent 1,839 359 eBook Required: Hint Print 1 1. Prepare the asset section of a classified balance sheet for Agate Playthings. 2-a. Using Agate's 2018 Net Sales Revenue of $4,470 (million) and its average Net Fixed Assets of $266 (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 18.27? Complete this question by entering your answers in the tabs below. References Req 1 Req 2A Req 28 Using Agate's 2018 Net Sales Revenue of $4,470 (million) and its average Net Fixed Assets of $266 (million), calculate the fixed asset turnover ratio for 2018. (Round your answer to 2 decimal places.) Fixed Asset Turnover Ratio
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