E10-9 (Algo) 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 6.76 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 $ 220,000 $ 313,000 198,000 123,000 187,000 42.000 33.000 39.000 1,370,000 960,000 1,115,000 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, (l.e., 0.1234 should be entered as 12.34%.)) Peak View Grand Return on Investment Augured Required 2 >