Unit # 6 - Test Bank #2 - Part B

Bethlehem Corporation had $918,000 in sales which resulted in operating income of $73,440. On January 1, Bethlehem reported $856,500 in assets. Because of a downturn in the economy, Bethlehem sold several assets during the year. Its December 31 balance sheet reported only $607,600 in assets.

A -

Please answer Part B - Calculate Bethlehems asset turnover. (Round answer to 5 decimal places, e.g. 1.64168.)

Your answer is correct. Calculate Bethlehem's margin. (Round answer to 1 decimal place, e.g. 1.6%.) Bethlehem's margin