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Consider the following data (in millions) from Trident Financial Incorporated, which has two main divisions, mortgage loans and consumer loans: Average total assets Operating
Consider the following data (in millions) from Trident Financial Incorporated, which has two main divisions, mortgage loans and consumer loans: Average total assets Operating income Return on investment (ROI) Required: 1. Based on ROI, which division is more successful? Mortgage loans Consumer loans Mortgage Loans $ 2,400 $ 516 21.50% Consumer Loans $18,500 $ 2,405 13.00%
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