Mortgage and Consumer Loans Assignment

Consider the following data (in millions) from Trident Financial, Inc., which has two main divisions, mortgage loans, and consumer loans:

Mortgage Loans Consumer Loans
  Average total assets $ 2,500 $ 17,750
  Operating income $ 530 $ 2,485
  Return on investment (ROI) 21.20 % 14.00 %
Required:
1. Based on ROI, which division is more successful?
  • Mortgage loans
  • Consumer loans
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 “0” wherever required. Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Enter your answers in millions, rounded to nearest whole number.) Get Accounting homework help today
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