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Bethlehem Corporation had $1,000,000 in sales which resulted in operating income of $62,000. On ...

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Bethlehem Corporation had $1,000,000 in sales which resulted in operating income of $62,000. On ...

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.

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Managerial Accounting

Edition: 4^th

Author: Davis

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You make an excellent tutor!

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