The fiscal 2016 financial statements for walgreens boots alliance, inc., report net sales of $117,351 million, net operating profit after tax of $4,687 million, net operating assets of $39,502 million. the 2015 balance sheet reports net operating assets of $42,683 million. walgreen's 2016 net operating asset turnover is:

(a) 11.5%
(b) 2.86
(c) 13.3%
(d) 2.97
(e) there is not enough information to calculate the ratio.

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.