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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 $ 1,106 Equipment $ 486
Accumulated Amortization 741 Goodwill 591
Accumulated Depreciation 496 Inventories 346
Allowance for Doubtful Accounts 32 Land 11
Buildings 236 Licensing Rights 1,859
Cash and Cash Equivalents 676 Prepaid Rent 351

Required:

  1. Prepare the asset section of a classified balance sheet for Hashey, Inc.
  2. Using Hasbros 2015 Net Sales Revenue of $4,570 (million), its Net Fixed Assets of $226 (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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