Question: PLEASE SOLVE ASAP THANK YOU E9-1 (Algo) Preparing a Classified Balance Sheet [LO 9-1, LO 9-7] The following is a list of account titles and

PLEASE SOLVE ASAP THANK YOU

and amounts (in millions) reported at December 30, 2018, by Diversion Industries

E9-1 (Algo) Preparing a Classified Balance Sheet [LO 9-1, LO 9-7] The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Diversion Industries 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 Diversion Industries. 2-a. Using Diversion's 2018 Net Sales Revenue of $4,580 (milliont and its average Net Fixed Assets of $276 (million), calculate the fixed asset tumover ratio for 2018 . 2-b. Has the company generated more or less revenue from each dollar of fixed assets than in 2017 , when the ratio was 18.38 ? Using Diversion's 2018 Net Sales Revenue of $4,580 (million) and its average Net Fixed Assets of $276 (million), calculate the fixed asset turnover ratio for 2018 . (Round your answer to 2 decimal places.) Prepare the asset section of a classified balance sheet for Diversion Industries. (Enter assets in the order of their liquidity

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