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What is the RI for each division if the minumum desired rate is as follows? 2. Trident uses residual income (RI) as a measure of
What is the RI for each division if the minumum desired rate is as follows?
2. Trident uses residual income (RI) as a measure of the financial performance of its divisions. What is the RI for each division if the minimum desired rate of return is (a) 10%, (b) 15%, and (c) 20%? (Leave no cells blank. Enter "O" wherever required. Negative amounts should be indicated by a minus sign. Enter your answers in millions of dollars, rounded to nearest whole number.) Residual Income (RI) Consumer Loans Mortgage Loans (a) 10% (b) 15% (c) 20% Mortgage Consumer Loans Loans Average total assets Operating income Return on investment (ROI) $2,500 $ 530 $17,750 $ 2,485 21.20% 14.00%
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