Bethlehem Corporation Had $1,000,000 in Sales Which Resulted in Operating

question 62

Essay

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.
a.Calculate Bethlehem's margin.
b.Calculate Bethlehem's asset turnover.
c.Calculate Bethlehem's return on investment.

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Definitions:

Integumentary

Pertaining to the coverings of an organism, such as the skin, hair, nails, scales, or feathers, that protect the body from various kinds of damage.

Cardiovascular

Pertains to the system comprising the heart and blood vessels, responsible for circulating blood throughout the body.

Muscular

Relating to or involving the muscles, which are tissues in the body responsible for movement.

Skeletal

Relating to the skeleton, the internal framework of bones that supports the body and facilitates movement.