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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.
Textbook
Managerial Accounting
Edition:
4
th
Author:
Davis
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More solutions for this book are
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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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