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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:

  1. Prepare the asset section of a classified balance sheet for Hashey, Inc.
  2. 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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