19 ! Part 2 of 2 Required Information [The following information applies to the questions displayed below.) A food manufacturer reports the following for two of its divisions for a recent year. 0.64 points ($ millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,662 2,593 2,681 349 Cheese Division $4,455 4,400 3,925 634 eBook Hint Assume that each of the company's divisions has a required rate of return of 7%. Compute resi your answers in millions.) References Beverage Cheese ($ millions) Average assets Targeted return Target income Residual Income Operating income Less: Target income Residual income Beverage Cheese