2A)

B)

For a recent year L'Oreal reported operating profit of 3,960 (in millions) for its Cosmetics division. Total assets were 12,600 (in millions) at the beginning of the year and 13,800 (in millions) at the end of the year. Compute return on investment for the year. (Enter answer in millions ) Return on Investment Numerator / Denominator - Percentage L'Oreal Compute return on investment for each of these divisions (each is an investment center). Investment Center NetAverage Income Assets Return on Investment Cameras and camcorders Phones and communications Computers and accessories 6,050,000 27,500,000 3,420,000 17,100,000 2,409,000 14,600,000