LOreal reports the following for a recent year for the major divisions in its Cosmetics branch. 1.
Question:
1. Compute profit margin for each division. State your answers as percents, rounded to two decimal places. Which LOreal division has the highest profit margin?
2. Compute investment turnover for each division. Round your answers to two decimal places. Which LOreal division has the best investmentturnover?
Transcribed Image Text:
Total Assets End of Year Total Assets Beginning of Year ( millions) Professional products 2.717 Consumer products.... Luxury products... Active cosmetics.. _.... Total..1 Sales Income 2,624 5,994 3,651 830 18.140 3,386 13,099 552 9.530 .765 4.507 791 1386278 2,516 5.496 4,059 817 12,888
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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