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A food manufacturer reports the following for two of its divisions for a recent year. ? A 'ooa manuracturer repo rtS tne millions) Invested assets,
A food manufacturer reports the following for two of its divisions for a recent year.
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A 'ooa manuracturer repo rtS tne millions) Invested assets, Invested assets, Sales Operating income beginning ending Tollowlng Tor nuo OT Its alvislons Tor a recent year. Cheese Beverage Division Division $2,695 $4,488 2, sag 4,416 2,697 3,941 365 65a Assume that each of the company's divisions has a required rate of return of Compute residual income for each division. (Enter your answers in millions.) millions) Average assets Targeted return Target income uall Less: Target income Residual income
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