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 ( millions) Consumer products Active cosmetics Total Assets Beginning of Year 2,440 5.361 2.695 Sales Income End of Year Professional products. 2.472 519 2516 5,496 4,059 817 16.286 3.122 12,888 8,355 1,578 Luxury products ...4,170 766 259 1,289 818 Total. 11.314
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
1 Profit margin IncomeSales Investment Center Income Sales Profi...View the full answer
Answered By
Sinmon Warui Kamau
After moving up and down looking for a job, a friend introduced me to freelance writing. I started with content writing and later navigated to academic writing. I love writing because apart from making a living out of it, it is also a method of learning and helping others to learn.
5.00+
40+ Reviews
45+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Cost Accounting questions
-
For a recent year ending January 28, Target Corporation had revenues of $69,865 million and total expenses of $66,936 million. Did Target Corporation report a net loss or a net income?
-
Apex Inc. reports the following for a recent year: Income from continuing operations before income tax ............$1,000,000 Extraordinary property loss from hurricane ............................
-
The data for a recent year show the taxes (in millions of dollars) received from a random sample of 10 states. Find the first and third quartiles and the IQR. 13 15 32 36 11 4 6 25 11 71
-
______________ is an approach to doing business that attempts to maximize an organization's competitiveness through the continual improvement of the quality of its products, services, people,...
-
For a binary gas mixture described by Kqs, (3,381 and (l l.62l. prove that: See also Eq, (11.87), and note that δ12 = 2B12 - B11 - B22. ds1g d2812 PyIV2 dT
-
In 2017, the City of Coyote received a $320,000 cash grant from the state to reduce air pollution. Assume that although a special revenue fund could have been set up, the money remained in the...
-
When can we, or should we, start implementation?
-
What adjustment does a corporation make if ACE is more than preadjustment AMTI? If ACE is less than preadjustment AMTI?
-
A firm sells to a single consumer using the optimal two-part tariff. Briefly explain why this firm has MR(Q) = P(Q). Provide an intuitive explanation.
-
Lasky Manufacturing has two divisions: Carolinas and Northeast. Lasky has a cost of capital of 7.5 percent. Selected financial information (in thousands of dollars) for the first year of business...
-
Pike Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20 per pound and the flakes for $15 per pound. On average, 100 pounds of lobster are...
-
City Bank has several departments that occupy both floors of a two-story building. The depart mental accounting system has a single account, Building Occupancy Cost, in its ledger. The types and...
-
(a) Why does the quantum mechanical description of many electron atoms make it difficult to define a precise atomic radius? (b) When non-bonded atoms come up against one another, what determines how...
-
Widely known as an ethical company, Dell recently committed itself to becoming a more environmentally sustainable business. After reviewing the About Dell section of its website...
-
Most everyone is familiar with Angry Birds, the video game in which players use a slingshot to launch birds at pigs stationed on or within various structures. The goal is to destroy all the pigs on...
-
Are benchmarking data available in the simulation exercise in which you are participating? If so, do you and your co-managers regularly study the benchmarking data to see how well your company is...
-
If a new product or service seems like the perfect option to solve a problem or capitalize on an environmental trend, but its customers find out it cant deliver on its promises, they will quickly...
-
Assume you are in charge of developing the strategy for an international company selling products in some 50 different countries around the world. One of the issues you face is whether to employ a...
-
Is an Asian option cheaper or more expensive than a plain vanilla option? Why? Is this always true?
-
Linda Lopez opened a beauty studio, Lindas Salon, on January 2, 2011. The salon also sells beauty supplies. In January 2012, Lopez realized she had never filed any tax reports for her business and...
-
Rupert bought a house in Manchester on 1 November 1995 for 75,000. He occupied the house until 1 November 1999 when he left to work abroad for a year, moving back into the house on 1 November 2000....
-
Prepare journal entries to record the following production activities. 1. Transferred completed products with a cost of $ 135,600 to finished goods inventory. 2. Sold $ 315,000 of products on credit....
-
Laffer Lumber produces bagged bark for use in landscaping. Production involves packaging bark chips in plastic bags in a bagging department. The following information describes production operations...
-
The following journal entries are recorded in Kiesha Co.s process cost accounting system. Kiesha produces apparel and accessories. Overhead is applied to production based on direct labor cost for the...
-
A client walks into your office to prepare a TY 2 0 2 0 return for federal and state. He has some charitable expenses worth $ 1 , 0 0 0 , which is not enough to itemize. So , he wants to take $ 3 0 0...
-
A taxpayer spends six months in the year working and living in the state. They move across the border, but keep the same job. For all intents and purposes, they are now domiciled in this other state...
-
Andre wants to make charitable contributions for the tax year to maximize the impact on his State return without needing to adjust for conformity issues. His AGI is $ 7 5 , 0 0 0 . What is the...
Study smarter with the SolutionInn App