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undefined E10-14B During 2017 Ely Corporation reported net sales of $5,000,000 and net income of $700,000. Its balance sheet reported average total assets of $2,000,000.

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E10-14B During 2017 Ely Corporation reported net sales of $5,000,000 and net income of $700,000. Its balance sheet reported average total assets of $2,000,000. Instructions Calculate the asset turnover

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