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Bethlehem Corporation had $946,000 in sales which resulted in operating income of $40,678. On January...

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Accounting

Bethlehem Corporation had $946,000 in sales which resulted in operating income of $40,678. On January 1, Bethlehem reported $893,900 in assets. Because of a downturn in the economy, Bethlehem sold several assets during the year. Its December 31 balance sheet reported only $635,200 in assets. Collapse question part

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

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