Bethlehem Corporation had $1,096,000 in sales which resulted in operating income of $75,624. On January 1, Bethlehem reported $852,600 in assets. Because of a downturn in the economy, Bethlehem sold several assets during the year. Its December 31 balance sheet reported only $553,600 in assets. Warning Don't show me this message again for the assignment Ok Cancel

(a)

	Your answer is correct.

Calculate Bethlehems margin. (Round answer to 1 decimal place, e.g. 1.6%.)

Bethlehems margin

6.9%

Warning

Don't show me this message again for the assignment

Ok Cancel

SHOW ANSWER HIDDEN Show Answer

Attempts: 1 of 1 used

(b) Calculate Bethlehems asset turnover. (Round answer to 5 decimal places, e.g. 1.64168.)

Bethlehems asset turnover