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help please thank you 6 Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6 percent Selected operating
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6 Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6 percent Selected operating data for the three divisions follow: 10 points $ Sales revenue Cost of goods sold Miscellaneous operating expenses Average invested assets Peak 325,000 $ 216,000 45,000 1,100,000 View Grand 220,000 $ 298,000 123,000 202,000 36,000 39,000 990,000 1,000,000 eBook Required: 1. 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%.)) Hint References Peak View Grand Return on Investment : % 2. Compute the residual income for each division. (Loss amounts should be indicated by a minus sign.) Peak View Grand Residual Income (Loss)Step by Step Solution
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