Required Information i [The following Information applies to the questions displayed below] Ramirez Company is completing the Information processing cycle at its fiscal year-end on December 31. Following are the correct balances at December 31 for the accounts both before and after the adjusting entries Trial Balance, December 31 of the Current Year Before Adjusting Entries After a. Cash b. Accounts receivable c. Prepaid insurance Items d. Equipment e. Accumulated depreciation, equipment +. Income taxes payable g. Common stock and additional paid-in capital h. Retained earnings, January 1 1. Service revenue 1. Salary expense k. Depreciation expense 1. Insurance expense a. Income tax expense Adjustments Debit $13,500 600 170,180 $41,000 107,000) 18,260 73,800 55,788 Credit Debit Credit Adjusting Entries Debit Credit $13,500 490 400 170,180 $ 46,000 1,390 107,000 18,260 $ 240,060 $ 240,00 55,780 5,000 200 1390 74,290 $ 246,940 $246,940 4. Compute the total asset turnover ratio, assuming total assets at the beginning of the year were $105,100. (Round your answer to 2 decimal places.) Total asset turnover ado