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Exercise 14-25 (Algo) Compute RI and ROI (LO 14-2, 3) The Campus Division of All-States Bank has assets of $1,900 million. During the past year,
Exercise 14-25 (Algo) Compute RI and ROI (LO 14-2, 3) The Campus Division of All-States Bank has assets of $1,900 million. During the past year, the division had profits of $230 million. All-States Bank has a cost of capital of 5 percent. Ignore taxes. Required: a. Compute the divisional Rol for the Campus Division. (Enter your answer as a percentage rounded to 1 decimal place (l.e., 32.1);) Divisional ROI 12.1 % b. Compute the divisional Rl for the Campus Division. (Enter your answer In dollars, not in millions.) Divisional RI S 9,600,000
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