Question: LOreal reports the following for a recent year for the major divisions in its Cosmetics branch. 1. Compute profit margin for each division. State your

L€™Oreal reports the following for a recent year for the major divisions in its Cosmetics branch.

1. Compute profit margin for each division. State your answers as percents, rounded to two decimal places. Which L€™Oreal division has the highest profit margin?
2. Compute investment turnover for each division. Round your answers to two decimal places. Which L€™Oreal division has the best investmentturnover?

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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