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

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. Cheese ($ millions ) Beverage Division Division Invested assets, beginning $2, 676 $4, 469 Invested assets, ending 2, 600 4, 407 Sales 2, 688 3, 932 Operating income 356 641 Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each division. (Enter your answers in millions.) ($ millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income