Bethlehem Corporation Had $1,000,000 in Sales Which Resulted in Operating

Essay

Bethlehem Corporation had $1,000,000 in sales which resulted in operating income of $62,000.On January 1, Bethlehem reported $920,000 in assets.Because of a downturn in the economy, Bethlehem sold several assets during the year.Its December 31 balance sheet reported only $580,000 in assets.
Required:
a.Calculate Bethlehem's margin.
b.Calculate Bethlehem's asset turnover.
c.Calculate Bethlehem's return on investment.