The Campus Division of All-States Bank has assets of $2,700 million. During the past year, the division had profits of $270 millon. Al- States Bank has a cost of capital of 4 percent. Ignore taxes. Required: a. Compute the divisional ROI for the Campus Division, (Enter your answer as a percentage rounded to 1 decimal place (1.e., 32.1).) Divisional ROI b. Compute the divisional RI for the Campus Division. (Enter your answer in dollars, not in millions.) Divisional RI

The Campus Division of All-States Bank has assets of $2,700 million. During the past year, the division had profits of $270 millon. Al- States Bank has a cost of capital of 4 percent. Ignore taxes. Required: a. Compute the divisional ROI for the Campus Division, (Enter your answer as a percentage rounded to 1 decimal place (1.e., 32.1).) Divisional ROI b. Compute the divisional RI for the Campus Division. (Enter your answer in dollars, not in millions.) Divisional RI

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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