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Exercise 22-23 Profit margin and investment turnover LO A2 L'Oréal reports the following for a recent year for the major divisions in its cosmetics branch. Total Assets Total Assets € millions Professional products Consumer products Luxury products Sales Income End of Year € 2,717 € 552 € 2,624 Beginning of Year € 2,516 9,530 4,507 1,765 5,994 3,651 5,496 4,059 791 Active cosmetics 1,386 278 830 817 Total €18,140 € 3,386 €13,099 €12,888 1. Compute profit margin for each division. Which L'Oréal division has the highest profit margin? 2. Compute investment turnover for each division. Which L'Oréal division has the best investment turnover? Completo thic quection by ontoxing voUN ancua Ns in the tahc holou

Exercise 22-23 Profit margin and investment turnover LO A2 L'Oréal reports the following for a recent year for the major divisions in its cosmetics branch. Total Assets Total Assets € millions Professional products Consumer products Luxury products Sales Income End of Year € 2,717 € 552 € 2,624 Beginning of Year € 2,516 9,530 4,507 1,765 5,994 3,651 5,496 4,059 791 Active cosmetics 1,386 278 830 817 Total €18,140 € 3,386 €13,099 €12,888 1. Compute profit margin for each division. Which L'Oréal division has the highest profit margin? 2. Compute investment turnover for each division. Which L'Oréal division has the best investment turnover? Completo thic quection by ontoxing voUN ancua Ns in the tahc holou

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Exercise 22-23 Profit margin and investment turnover LO A2

L’Oréal reports the following for a recent year for the major divisions in its cosmetics branch.
 

€ millions Sales   Income   Total Assets
End of Year		   Total Assets
Beginning of Year
Professional products € 2,717   € 552     € 2,624       € 2,516  
Consumer products   9,530     1,765       5,994         5,496  
Luxury products   4,507     791       3,651         4,059  
Active cosmetics   1,386     278       830         817  
Total € 18,140   € 3,386     € 13,099       € 12,888  
 


1. Compute profit margin for each division. Which L’Oréal division has the highest profit margin?
2. Compute investment turnover for each division. Which L’Oréal division has the best investment turnover?

Exercise 22-23 Profit margin and investment turnover LO A2 L'Oréal reports the following for a recent year for the major divisions in its cosmetics branch. Total Assets Total Assets € millions Professional products Consumer products Luxury products Sales End of Year Beginning of Year € 2,516 5,496 Income € 2,717 € 552 € 2,624 9,530 4,507 1,765 5,994 3,651 791 4,059 Active cosmetics 1,386 278 830 817 Total €18,140 € 3,386 €13,099 €12,888 1. Compute profit margin for each division. Which L'Oréal division has the highest profit margin? 2. Compute investment turnover for each division. Which L'Oréal division has the best investment turnover? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute profit margin for each division. Which L'Oréal division has the highest profit margin? (Enter your ar millions.) Choose Numerator: Choose Denominator: Profit Margin Division Profit Margin Professional products Consumer products Luxury products Active cosmetics Which L'Oreal division has the highest profit margin Required 1 Required 2 >
Transcribed Image Text:Exercise 22-23 Profit margin and investment turnover LO A2 L'Oréal reports the following for a recent year for the major divisions in its cosmetics branch. Total Assets Total Assets € millions Professional products Consumer products Luxury products Sales End of Year Beginning of Year € 2,516 5,496 Income € 2,717 € 552 € 2,624 9,530 4,507 1,765 5,994 3,651 791 4,059 Active cosmetics 1,386 278 830 817 Total €18,140 € 3,386 €13,099 €12,888 1. Compute profit margin for each division. Which L'Oréal division has the highest profit margin? 2. Compute investment turnover for each division. Which L'Oréal division has the best investment turnover? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute profit margin for each division. Which L'Oréal division has the highest profit margin? (Enter your ar millions.) Choose Numerator: Choose Denominator: Profit Margin Division Profit Margin Professional products Consumer products Luxury products Active cosmetics Which L'Oreal division has the highest profit margin Required 1 Required 2 >
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