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Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.26 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 6.26 percent. Selected operating data for the three divisions follow: Peak View Grand Sales revenue 327,000 $238,000 $ 299,000 Cost of goods sold 204,000 113,000 183,000 Miscellaneous operating 39,000 34,000 40,000 expenses Average invested assets 1,230,000 920,000 1,205,000 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. (Le., 0.1234 should be entered as 12.34%.)) Peak View Grand Return on investment % % Required 1 Required 2 > Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.26 percent. Selected operating data for the three divisions follow: Peak View Grand Sales revenue $ 327,000 $238,000 $ 299,000 Cost of goods sold 204,000 113,000 183,000 Miscellaneous operating 39,000 34,000 40,000 expenses Average invested assets 1,230,000 920,000 1,205,000 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 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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