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 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

Section: Chapter Questions

Problem 1Q

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