A food manufacturer reports the following for two of its divisions for a recent year.

($ millions) Beverage Division Cheese Division Invested assets, beginning $ 2,689 $ 4,484 Invested assets, ending 2,607 4,414 Sales 2,695 3,939 Operating income 363 648 rev: 11_25_2020_QC_CS-242542

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.)

Assume that each ofthe company's divisions has a required rate of return of 6%. Compute residual income for each division. {Enter your answers in millions.) Residual income