For a recent year LOreal reported operating profit of 3,110 (in millions) for its Cosmetics division. Total

Question:

For a recent year L’Oreal reported operating profit of €3,110 (in millions) for its Cosmetics division. Total assets were €11,314 at the beginning of the year and €12,988 (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.