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Bethlehem Corporation had $1,025,000in sales which resulted in operating income of $77,900. On January 1, Bethlehem reported $946,300in assets. Because of a downturn in the

Bethlehem Corporation had $1,025,000in sales which resulted in operating income of $77,900. On January 1, Bethlehem reported $946,300in assets. Because of a downturn in the economy, Bethlehem sold several assets during the year. Its December 31 balance sheet reported only $593,800in assets.Calculate Bethlehems margin.

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