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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $650 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 $650 were declared at the end of the year, and 670 additional shares of common stock ( $0.10 par value per share) were issued at the end of the year for $2,680 in cash (for a total at the end of the year of 810 shares). These effects are included below: Required: 1. Compute total assets for Catena's Marketing Company based on the adjusted trial balance. 2. Compute the company's total asset turnover for the current year, assuming total assets at the end of the prior year were $16,850. Compute total assets for Catena's 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 $16,850

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