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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 $ 1,104 Equipment $ 484
Accumulated Amortization 739 Goodwill 589
Accumulated Depreciation 494 Inventories 344
Allowance for Doubtful Accounts 34 Land 12
Buildings 234 Licensing Rights 1,861
Cash and Cash Equivalents 674 Prepaid Rent 349

Required:

  1. Prepare the asset section of a classified balance sheet for Hashey, Inc.
  2. Using Hasbros 2015 Net Sales Revenue of $4,580 (million), its Net Fixed Assets of $224 (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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