11 ! Required information [The following information applies to the questions displayed below.) art 2 of 2 A food manufacturer reports the following for two of its divisions for a recent year. pints ($ millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,701 2,613 2,701 369 Cheese Division $4,494 4,420 3,945 654 eBook Hint Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each division. (Enter your answers in millions.) Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each division. (Enter your answers in millions.) ($ millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income