E10-8 Evaluating Managerial Performance Using Return on Investment, Residual Income [LO 10-4, 10-5] Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.26 percent operating data for the three divisions follow Grand Peak 312,000 S 328,000 221,000 Sales revenue Cost of goods sold Miscellaneous operating expenses Average invested assets 190,000 37,000 215,000 44.000 104,000 32,000 920,000 1,185,000 1,380,000 Required 1. Compute the return on investment for each division. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Pe View Grand on Inv 2. Compute the residual income for each division. (Loss amounts should be indicated by a minus sign.) ak View Grand Residual Income