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During 2022, Ronald Corporation reported net sales of $2,000,000, net income of $900,000, and depreciation expense of $100,000. Ronald also reported beginning total assets of

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During 2022, Ronald Corporation reported net sales of $2,000,000, net income of $900,000, and depreciation expense of $100,000. Ronald also reported beginning total assets of $1,000,000, ending total assets of $1,500,000, plant assets of $800,000, and accumulated depreciation of $500,000. Ronald's asset turnover is

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