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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $ 6 1 0 were declared
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $ were declared at the end of the year, and additional shares of common stock $ par value per share were issued at the end of the year for $ in cash for a total at the end of the year of shares These effects are included below:
Catenas Marketing Company
Adjusted Trial Balance
End of the Current Year
Debit Credit
Cash $
Accounts receivable
Interest receivable
Prepaid insurance
Longterm notes receivable
Equipment
Accumulated depreciation $
Accounts payable
Dividends payable
Accrued expenses payable
Income taxes payable
Unearned rent revenue
Common Stock shares
Additional paidin capital
Retained earnings
Sales revenue
Rent revenue
Interest revenue
Wages expense
Depreciation expense
Utilities expense
Insurance expense
Rent expense
Income tax expense
Total $ $
Required:
Compute total assets for Catenas Marketing Company based on the adjusted trial balance.
Compute the company's total asset turnover for the current year, assuming total assets at the end of the prior year were $
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