TL Division of Giant Bank has assets of $14.4 billion. During the past year, the division had profits of $1.8 billion. Giant Bank has a cost of capital of 8 percent. Ignore taxes.
Required:
(a)Compute the divisional ROI. (Round your answer to 1 decimal place. Omit the "%" sign in your response.)
Divisional ROI ? %
(b)Compute the divisional RI. (Enter your answer in dollars, not in billions. Omit the "$" sign in your response.)
Divisional RI $ ?