Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $640 were declared at the end of the year, and 650 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,600 in cash (for a total at the end of the year of 800 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $ 1,620 Accounts receivable 2,340 Interest receivable 210 Prepaid insurance 1,700 Long-term notes receivable 2,990 Equipment 15,500 Accumulated depreciation $ 2,860 Accounts payable 2,310 Dividends payable 640 Accrued expenses payable 3,840 Income taxes payable 2,580 Unearned rent revenue 490 990 Common Stock (800 shares) 80 80 Additional paid-in capital 3,590 Retained earnings 3,830 Sales revenue Sales revenue 36,950 Interest revenue Rent revenue 730 Wages expense 18,300 Depreciation expense 1,770 Utilities expense 350 Insurance expense 710 Rent expense 9,800 Income tax expense 2,780 Total $ 58,070 $ 58,070 170 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 $15,700. Total Asset Turnover Choose Numerator: 1 Choose Denominator: Net income / Ending total assets = Total Asset Turnover Total asset turnover