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Exercise 9-21 Profit margin and investment turnover LO A2 L'Oral reports the following for a recent year for the major dmsions in its cosmetics branch

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Exercise 9-21 Profit margin and investment turnover LO A2 L'Oral reports the following for a recent year for the major dmsions in its cosmetics branch Total Assets End of Year Total Assets of 2,516 5,496 4,059 817 come Professional products 2,717 552 2624 9,530 1,765 791 278 5,994 3,651 830 Consumer products Luxury products Active cosmetics 4,507 1,386 Total 18,140 3,386 13099 12,888 1.1 Compute profit margin for each division. (Enter your answers in millions.) Choose Numerator:Choose Denominator:Profit Margitn Profit Margin Investment Center Professional products Consumer products Luxury products Active cosmetics 0 0 12 Which L'Oreal division has the highest proft margin? Luxury products Consumer products

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