(solution) Bethlehem Corporation had $1,096,000 in sales which resulted in

(solution) Bethlehem Corporation had $1,096,000 in sales which resulted in

Bethlehem Corporation had $1,096,000 in sales which resulted in operating income of $75,624. On January 1, Bethlehem reported $852,600 in assets. Because of a downturn in the economy, Bethlehem sold several assets during the year. Its December 31 balance sheet reported only $553,600 in assets.

Calculate Bethlehem?s return on investment. (Round answer to 2 decimal places, e.g. 1.64%.)

Bethlehem?s return on investment

 %