Business, 17.04.2020 02:57 cruz63

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 $ 1,090 Equipment $ 470 Accumulated Amortization 725 Goodwill 575 Accumulated Depreciation 480 Inventories 330 Allowance for Doubtful Accounts 45 Land 12 Buildings 220 Licensing Rights 1,875 Cash and Cash Equivalents 660 Prepaid Rent 335 Required: Prepare the asset section of a classified balance sheet for Hashey, Inc. Using Hasbro’s 2015 Net Sales Revenue of $4,650 (million), its Net Fixed Assets of $210 (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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The following is a list of account titles and amounts (in millions) reported at December 27, 2015, b...

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