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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $610 were declared at the end

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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $610 were declared at the end of the year, and 660 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,640 in cash (for a total at the end of the year of 810 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $ 1,660 Accounts receivable 2,260 Interest receivable 260 Prepaid insurance 1,690 Long-term notes receivable 3,000 Equipment 15,100 Accumulated depreciation $ 2,940 Accounts payable 2,350 Dividends payable 610 Accrued expenses payable 3,900 Income taxes payable 2,700 Unearned rent revenue 480 Common Stock (810 shares) 81 Additional paid-in capital 3,499 Retained earnings 3,480 Sales revenue 36,750 Interest revenue 150 Rent revenue 560 Wages expense 18,500 Depreciation expense 1,700 Utilities expense 380 Insurance expense 770 Rent expense 9,400 Income tax expense 2,780 Total $57,500 $57,500 a. Compute total assets for Catena's Marketing Company based on the adjusted trial balance. Total assets Additional paid-in capital Retained earnings Sales revenue Interest revenue Rent revenue Wages expense Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense Total 3,499 3,480 36,750 150 560 18,500 1,700 380 770 9,400 2,780 $57,500 $57,500 a. Compute total assets for Catena's Marketing Company based on the adjusted trial balance. Total assets b. Compute the company's total asset turnover for the current year, assuming total assets at the end of the prior year were $16,650. Total Asset Turnover Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover =

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