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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $620 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 $620 were declared at the end of the year, and 550 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,200 in cash (for a total at the end of the year of 810 shares). These effects are included below: Credit 200 $ 2,890 2,350 620 Catenas Marketing Company Adjusted Trial Balance End of the current Year Debit $ 1,690 Accounts receivable 2,270 Interest receivable Prepaid insurance 1,780 Long-term notes receivable 2,920 Equipment 17,000 Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (810 shares) Additional paid-in capital Retained earnings Sales revenue Interest revenue Rent revenue Wages expense 18,800 Depreciation experise 1.720 Utilities expense 370 Insurance expense Rent expense 9,700 Income tax expense 2,730 Total 3,720 2,630 340 3,449 5,600 37, 350 190 720 760 $59,90 $ 59,90 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 $15,200. Total Asset Turnover Choose Numerator: 1 Choose Denominator: - Total Asset Turnover Total asset furnover

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