Bethlehem Corporation had $1,083,000 in sales which resulted in operating income of $53,067. On January 1, Bethlehem reported $985,500 in assets. Because of a downturn in the economy, Bethlehem sold several assets during the year. Its December 31 balance sheet reported only $538,200 in assets.
(a) Calculate Bethlehem's margin.
(b) Calculate Bethlehem's asset turnover
(C) Calculate Bethlehem's return on investment