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Chec Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.51 percent. Selected operating data for the three

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Chec Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.51 percent. Selected operating data for the three divisions follow: $ Sales revenue Cost of goods sold Miscellaneous operating expenses Average invested assets Peak View Grand 344,000 $ 224,000 $ 304,000 203,000 115,000 194,000 37,000 39,000 33,ood 1,400,000 970,000 1,195,000 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, (i.e., 0.1234 should be entered as 12.34%.)) Peak View Grand Return on Investment % % Required Required 2 >

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