L’Oreal reports the following for a recent year for the major divisions in its Cosmetics branch.

Exercise 24-14 Profit margin and investment turnover LO A2

L’Oreal 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

1.1

Compute profit margin for each division. (Enter your answers in millions.) Explanation: 1.2 The Professional products department has the highest profit margin. 2.1 *In € millions. Avg. assets = Beginning assets plus ending assets, divided by two. 2.2 The Active cosmetics department has the highest investment turnover.