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Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 5.76 percent. Selected operating data for the three divisions

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Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 5.76 percent. Selected operating data for the three divisions follow. Sales revenue Cost of goods sold Miscellaneous operating expenses Average invested assets Peak View Grand $325,000 $ 230,000 $303,000 198,000 117,000 187,000 44,000 35,000 34,000 1,200,000 900,000 1.215,000 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 Rot 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 % ed Required 2 > 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 (Loss)

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