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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 Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents $1,092 Equipment 727 Goodwill 482 Inventories 43 Land 222 Licensing Rights 662 Prepaid Rent $ 472 577 332 11 1,873 337 Required: 1. Prepare the asset section of a classified balance sheet for Hashey, Inc. 2. Using Hasbro's 2015 Net Sales Revenue of $4,640 (million), its Net Fixed Assets of $212 (million) at December 28, 2014, and its Net Fixed Assets computed at December 27, 2015, calculate the fixed asset turnover ratio for 2015. Req 1 Reg 2A Req 2B Prepare the asset section of a classified balance sheet for Hashey, Inc. (Enter assets in the order of their liquidity. Enter yo answers in millions. Amounts to be deducted should be indicated by a minus sign.) HASHEY, INC. Balance Sheet (partial) December 27, 2015 (in millions) Assets Current Assets: Cash and Cash Equivalents Accounts Receivable Allowance for Doubtful Accounts 0 Inventory Prepaids 0 Total Current Assets Property, plant, and Equipment Buildings Equipment Property, Plant, and Equipment (at cost) 0 Total Property, Plant, and Equipment (net) 0 Other Assets Total Property, Plant, and Equipment (net) Other Assets Goodwill Licensing Rights Accumulated Amortization Total Other Assets 0 Total Assets $ 0 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Has the company generated more or less revenue from each dollar of fixed assets than in 2014, when the ratio was 20.44? More Revenue Less Revenue
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