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M4-12 (Alge) Analyzing Total Asset Turnover LO4-3 Catenai Marketing Compony has the following adjusted vial baiance at the end of the current year. Cosh dividends
M4-12 (Alge) Analyzing Total Asset Turnover LO4-3 Catenai Marketing Compony has the following adjusted vial baiance at the end of the current year. Cosh dividends of 5650 were declared at the ead of the year, and 570 addisional shares of common stock (\$0.0 par value per sharo) were issued at the end of the year for $2,280in cash for a total at the end of the yoar of 810 shares). These effects are included below. a. Compute total assets for Cattena's Marketing Company based on the adjusted trial balance. b. Compute the company's total asset turnover for the current year, assuming total assets at the end of the priof year wure $17,000
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