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Kraft Foods Group reports the following for two of its divisions for a recent year. All numbers are in millions of dollars. (Smillions) Invested assets,

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Kraft Foods Group reports the following for two of its divisions for a recent year. All numbers are in millions of dollars. (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Cheese Division Division $ 2.662 $ 4.455 2.593 4.400 2,6813 ,925 349 634 Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each division (Enter your answer in millions.) (5 millions) Average assets Targeted return2 Target income Residual Income Operating income Less: Target income Residual income Beverage Cheese $392,6283333333333333 333337%233333333 S3 1843 Beverage Cheese TS 3 4923233923933 18422233233333333 165333

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