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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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.

Related Book For answer-question

Fundamental accounting principle

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

ISBN: 978-0078025587