Bethlehem Corporation had $946,000 in sales which resulted in operating income of $40,678. On January 1, Bethlehem

Question:

Bethlehem had $946,000 in sales which resulted in operating income of $40,678. On January 1, Bethlehem reported $893,900 in assets. Because of a downturn in the economy, Bethlehem sold several assets during the year. Its December 31 reported only $635,200 in assets. Collapse question part
(a) Calculate Bethlehem's margin. (Round answer to 1 decimal place, e.g. 1.6%.) Bethlehem's margin____________ %
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...