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The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc. a leading manufacturer of games,
The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc. a leading manufacturer of games, toys, and interactive entertainment software for children and families:
Accounts Receivable | $ | 1,098 | Equipment | $ | 478 | ||
Accumulated Amortization | 733 | Goodwill | 583 | ||||
Accumulated Depreciation | 488 | Inventories | 338 | ||||
Allowance for Doubtful Accounts | 38 | Land | 8 | ||||
Buildings | 228 | Licensing Rights | 1,867 | ||||
Cash and Cash Equivalents | 668 | Prepaid Rent | 343 | ||||
Required:
- Prepare the asset section of a classified balance sheet for Hashey, Inc.
- Using Hasbros 2015 Net Sales Revenue of $4,610 (million), its Net Fixed Assets of $218 (million) at December 28, 2014, and its Net Fixed Assets computed at December 27, 2015, calculate the fixed asset turnover ratio for 2015.
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