|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|
|Return on investment (ROI)||21.20||%||14.00||%|
|1.||Based on ROI, which division is more successful?|
|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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