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dove298 dove298
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4 months ago
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.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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OmfgtimmyOmfgtimmy
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More solutions for this book are available here
a.$62,000 ÷ $1,000,000 = 6.2%
b.$1,000,000 ÷ [$920,000 + $580,000) ÷ 2] = 1.3333
c.0.062 × 1.3333 = 8.27%
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dove298 Author
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4 months ago
Just got PERFECT on my quiz
riptide
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
Shuqin
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This helped my grade so much Perfect
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