The following is a list of account titles and amounts (in millions) reported at December 29, 2013,

Question:

The following is a list of account titles and amounts (in millions) reported at December 29, 2013, by Hasbro, Inc., 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 Hasbro, Inc.
2. Using Hasbro€™s 2013 Net Sales Revenue of $ 4,080 (million) and its Net Fixed Assets of $ 230 (million) at December 30, 2012, calculate the fixed asset turnover ratio for 2013. Has the company generated more or less revenue from each dollar of fixed assets than in 2012, when the ratio was 18.25?

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio. Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...