1. Compute the return on investment for each division.

2. Compute the residual income for each division.

Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.01 percent. Selected operating data for the three divisions follow Sales revenue Cost of goods sold Miscellaneous operating expenses Average invested assets Peak View Grand $ 335,000 $ 230,000 $ 301,000 199,000 118,000 184.000 38,000 37,000 31,000 1,210,000 900,000 1,025,000 Required: 1. Compute the return on investment for each division 2. Compute the residual income for each division Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the return on investment for each division (Enter your ROI answers as a percentage rounded to two decimal places, (1.0, 0.1234 should be entered as 12.34%.)) Peak View Grand Return on Investment Required 2 > Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.01 percent. Selected operating data for the three divisions follow: Sales revenue Cost of goods sold Miscellaneous operating expenses Average invested asseto Peak View Grand $ 335,000 $ 230,000 $ 301,000 199,000 118,000 184,000 38,000 37,000 31,000 1,210,000 900,000 1,025,000 Required: 1. Compute the return on investment for each division. 2. Compute the residual income for each division Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the residual income for each division. (Loss amounts should be indicated by a minus sign. Do not round Intermediate calculations, Round your answers to nearest whole dollar) Peak View Grand Residual income (2016)