8 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. ($ millions) Beverage Cheese Division Division Invested assets, beginning $2,662 Invested assets, ending $4,455 2,593 4,400 Sales 2,681 3,925 Operating income 349 634 2 of 2 00:31:16 Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each divisio your answers in millions.) (5 millions) $ $ Targeted return Target income Residual Income Operating income Less: Target income Residual income Beverage Cheese 2.628s 4.428 7% 7% 1845 310 Beverage Cheese 3495 634 184 310 165 324 S $ GA