The following is a list of account titles and amounts (in millions) reported at
ID: 2456456 • Letter: T
Question
The following is a list of account titles and amounts (in millions) reported at December 26, 2010, by Hasbro, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families:
Prepare the asset section of a classified balance sheet for Hasbro, Inc.
Using Hasbro’s 2010 Net Sales Revenue of $4,028 (million) and its Net Fixed Assets of $229 (million) at December 30, 2009, calculate the fixed asset turnover ratio for 2010.
Has the company generated more or less revenue from each dollar of fixed assets than in 2009, when the ratio was 20.80?
The following is a list of account titles and amounts (in millions) reported at December 26, 2010, by Hasbro, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families:
Explanation / Answer
Hasbro Inc Balance Sheet As on Dec 26.2010. Asset Amt million $ Current Assets Cash & Cash Equivalents 736 Accounts Receivable 1,003 Allowance for Doubtful Accounts (36) Inventory 372 Prepaid & Other Current Assets 176 Total Current Assets 2,251 Non Current Assets Intangible assets Goodwill 483 Other Intangible Assets 509 Total Intangible Non Current Assets 992 Tangible Assets Land 11 Building 205 Equipment 468 Accumulated Depreciation (438) Total Net Tangible Fixed Assets 246 Other Non Current Assets 671 Total Assets 4,160 Fixed Asset Turnover Taking Fixed asset meaning as Tangible Fixed Assets only Amt million $ Beginning Balance net fixed asset Dec30.2009 229 Closing balance net Fixed asset Dec 26.2010. 246 Average Net Fixed Asset used in 2010 238 Net Sales Revenue 2010 4,028 Fixed Asset Turnover Ratio 2010 =Sales/Avg Fixed Asset= 16.96 In 2009 the ratio was 20.80 So in 2009 the company generated More revenue from each $ of fixed asset
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