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The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Hasbro, Incorporated, a leading manufacturer of games,
The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Hasbro, Incorporated, a leading manufacturer of games, toys, and interactive entertainment software for children and families: Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents $ 1,200 720 465 10 190 1,180 Equipment Goodwill Inventory Land Licensing Rights Prepaid Rent $ 530 485 445 5 2,160 270 Required: 1. Prepare the asset section of a classified balance sheet for Hasbro, Incorporated. 2-a. Using Hasbro's 2018 Net Sales Revenue of $4,580 (million) and its average Net Fixed Assets of $260 (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 19.77? HASBRO, INCORPORATED Balance Sheet (partial) December 30, 2018 (in millions) Assets Current Assets: 0 0 Total Current Assets Property, Plant, and Equipment Property, Plant, and Equipment (at cost) 0 0 Total Property, Plant, and Equipment (net) Other Assets Total Other Assets 0 Total Assets $ HA 0
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