The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Patel \& King Manufacturing a leading manufacturer of games, toys, and interactive entertainment software for children and families: Required: 1. Prepare the asset section of a classified balance sheet for Patel \& King Manufacturing. 2-a. Using Patel \& King's 2018 Net Sales Revenue of $4,600 (million) and its average Net Fixed Assets of $266 (million), calculate the fixed asset turnover tatio 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 19.40 ? Complete this question by entering your answers in the tabs below. Prepare the asset section of a classified balance sheet for Patel a King Manufacturing. (Enter assets in the order of their liquidity. Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.) 1. Prepare the asset section of a classified balance sheet for Patel \& King Manufacturing. 2-a. Using Patel \& King's 2018 Net Sales Revenue of $4,600 (million) and its average Net Fixed Assets of $266 (million), calcula 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 19.40 ? Complete this question by entering your answers in the tabs below. Using Patel \& King's 2018 Net Sales Revenue of $4,600 (million) and its average Net Fixed Assets of $266 (million), calculate the fixed asset turnover ratio for 2018. (Round your answer to 2 decimal places.) 1. Prepare the asset section of a classified balance sheet for Patel \& King Manufacturing. 2-a. Using Patel \& King's 2018 Net Sales Revenue of $4,600 (million) and its average Net Fixed Assets of $266 (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 19.40 ? Complete this question by entering your answers in the tabs below. Has the company generated more or less revenue from each doliar of fixed assets than in .2017, when the ratio was 19.40
