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2 Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) A food manufacturer reports the

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2 Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) A food manufacturer reports the following for two of its divisions for a recent year. (s millions) Beverage Cheese Division Division Invested assets, beginning $2,672 $4,465 Invested assets, ending 2,598 4,405 Sales 2,686 3,930 Operating income 354 639 Exercise 22-13 Residual income LO A1 Assume that each of the company's divisions has a required rate of return of 6%. Compute residual income for each division (Enter your answers in millions.) Exercise 22-13 Residual income LO A1 Assume that each of the company's divisions hos a required rate of return of 6%. Compute residual income for each division (Enter your answers in millions.) (5 millione) Beverage Cheese Targeted return Target income Residual income Beverage Cheese Residual income

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