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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. ($millions) Beverage Division
Kraft Foods Group reports the following for two of its divisions for a recent year. All numbers are in millions of dollars. ($millions) Beverage Division Cheese Division Invested assets, beginning $ 3,060 $ 4,855 Invested assets, ending 2,690 4,490 Sales 3,201 4,165 Operating income 449 754 Assume that each of the companys divisions has a required rate of return of 9%. Compute residual income for each division. (Enter your answer in millions. Round "Targeted return" to 2 decimal places. Round your answers to nearest whole dollar.)
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