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The Campus Division of All-States Bank has assets of $1,300 million. During the past year,...

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Accounting

The Campus Division of All-States Bank has assets of $1,300 million. During the past year, the division had profits of $285 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 ____________

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