Question
Exercise 14-25 (Algo) Compute RI and ROI (LO 14-2, 3) The Campus Division of All-States Bank has assets of $2,000 million. During the past
Exercise 14-25 (Algo) Compute RI and ROI (LO 14-2, 3) The Campus Division of All-States Bank has assets of $2,000 million. During the past year, the division had profits of $235 million. All- States Bank has a cost of capital of 6 percent. Ignore taxes. Required: a. Compute the divisional ROI for the Campus Division. (Enter your answer as a percentage rounded to 1 decimal place (i.e., 32.1).) Divisional ROI % b. Compute the divisional RI for the Campus Division. (Enter your answer in dollars, not in millions.) Divisional RI < Prev 2 of 3 Next > Check my work
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