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
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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