Question: For a recent year L Oreal reported operating profit of
For a recent year L’Oreal reported operating profit of € 3,385 (in millions) for its Cosmetics division. Total assets were € 12,888 at the beginning of the year and € 13,099 (in millions) at the end of the year. Compute return on investment for the year. State your answer as a percent, rounded to one decimal.
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