The following is a list of account titles and amounts (inmillions) reported at December...

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Accounting

The following is a list of account titles and amounts (inmillions) reported at December 27, 2015, by Hashey, Inc. a leadingmanufacturer of games, toys, and interactive entertainment softwarefor children and families:
Accounts Receivable $ 1,098 Equipment $ 478
Accumulated Amortization 733 Goodwill 583
Accumulated Depreciation 488 Inventories 338
Allowance for Doubtful Accounts 38 Land 8
Buildings 228 Licensing Rights 1,867
Cash and Cash Equivalents 668 Prepaid Rent 343
Required:
Prepare the asset section of a classified balance sheet forHashey, Inc.
Using Hasbro’s 2015 Net Sales Revenue of $4,610 (million), itsNet Fixed Assets of $218 (million) at December 28, 2014, and itsNet Fixed Assets computed at December 27, 2015, calculate the fixedasset turnover ratio for 2015.

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1 Balance Sheet Partial December 272015 in millions Assets Current Assets Cash and cash equivalents 668 Accounts Receivable 1098 Allowance for doubtful See Answer

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In: AccountingThe following is a list of account titles and amounts (inmillions) reported at December 27,...The following is a list of account titles and amounts (inmillions) reported at December 27, 2015, by Hashey, Inc. a leadingmanufacturer of games, toys, and interactive entertainment softwarefor children and families:Accounts Receivable$1,098Equipment$478Accumulated Amortization733Goodwill583Accumulated Depreciation488Inventories338Allowance for Doubtful Accounts38Land8Buildings228Licensing Rights1,867Cash and Cash Equivalents668Prepaid Rent343Required:Prepare the asset section of a classified balance sheet forHashey, Inc.Using Hasbro’s 2015 Net Sales Revenue of $4,610 (million), itsNet Fixed Assets of $218 (million) at December 28, 2014, and itsNet Fixed Assets computed at December 27, 2015, calculate the fixedasset turnover ratio for 2015.


Accounts Receivable	$	1,098	Equipment	$	478
Accumulated Amortization		733	Goodwill		583
Accumulated Depreciation		488	Inventories		338
Allowance for Doubtful Accounts		38	Land		8
Buildings		228	Licensing Rights		1,867
Cash and Cash Equivalents		668	Prepaid Rent		343