ome-myutrgv.edu | Hom My Grades-ACCT-2301-90 M McGraw-Hill Connect Chapter 9 Hom
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ome-myutrgv.edu | Hom My Grades-ACCT-2301-90 M McGraw-Hill Connect Chapter 9 Homework X O ezto.mheducation.com/hm.tpxt -0.8281668883481104 1530228989700 The following is a list of account tiles and amounts (in millions) reported at December 29, 2013, by Hashey, Inc., manufacturer of games, toys, and interactive entertainment software for children and familes Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtul Accounts $ 1,104Equipment 739 Goodwill 494 34 234 Licensing Rights 674 Prepaids 5 484 589 344 12 1,861 Land Cash and Cash Equivalents 349 t a minus sign.) classißed balance sheet for Hashey, Inc (Enter assets in the order of to be deducted should be ledicated by 1. Prepare the asset section of a their liquidity. Enter your answers in millions. Amounts l HASHEY, INC. Balance Sheet (partial December 29, 2013Explanation / Answer
Classified Balance Sheet Assets Current Assets: Cash 674 Accounts receivable 1104 Less: Allowance for doubtful account 34 1070 Inventory 344 Prepaids 349 Total current assets 2437 Property, Plant and equipment: Land 12 Buiding 234 Equipment 484 PPE at cost 730 Less: Accumulated depreciation 494 PPE (Net) 236 Other Assets: Goodwill 589 Licencing rights 1861 Other assets at cost 2450 Lless: Accumulated amortozation 739 Total other assets 1711 Total Assets 4384 Req 2: Sales of 2013: 4,074 Fixed assets 2013 236 Fixed assets 2012 224 Average fixed assets 230 Fixed assets turnover: Net sales / Average fixed assets 4074 / 230 = 17.71 times Less revenue generated.
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