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Bethlehem Corporation had $1,040,000 in sales which resulted in operating income of $64,480. On January 1, Bethlehem reported $905,700 in assets. Because of a downturn
Bethlehem Corporation had $1,040,000 in sales which resulted in operating income of $64,480. On January 1, Bethlehem reported $905,700 in assets. Because of a downturn in the economy, Bethlehem sold several assets during the year. Its December 31 balance sheet reported only $618,800 in assets. (a) Your answer has been saved. See score details after the due date. Calculate Bethlehem's margin. (Round answer to 1 decimal place, e.g. 1.6%.) Bethlehem's margin 6.2 % Attempts: 1 of 1 used (b) Calculate Bethlehem's asset turnover. (Round answer to 5 decimal places, e.g. 1.64168.) Bethlehem's asset turnover
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