QUESTION 8. 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. Required: Compute return on investment (ROI) for the year. State your answer as a percent.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Help me do excercise 8. Thanks you
Doment s
Reion
number, the workers are paid for 2,600 hours anyway. Any hours worked in excess of 2,600
hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.
3,01
QUESTION 8.
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.
Required:
Compute return on investment (ROI) for the year. State your answer as a percent.
QUESTION 9.
Forchen, Inc., provided the following information for two of its divisions for last year:
Small Appliances Cleaning Products
Division
Division
$34,680,000
$31,390,000
Sales
口回四田ロロ
Oe SPM
FINA
pos
Transcribed Image Text:Doment s Reion number, the workers are paid for 2,600 hours anyway. Any hours worked in excess of 2,600 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor. 3,01 QUESTION 8. 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. Required: Compute return on investment (ROI) for the year. State your answer as a percent. QUESTION 9. Forchen, Inc., provided the following information for two of its divisions for last year: Small Appliances Cleaning Products Division Division $34,680,000 $31,390,000 Sales 口回四田ロロ Oe SPM FINA pos
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