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Required informatio [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent

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Required informatio [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. Beverage Division $2,680 2,602 2,690 Cheese Division $4,473 4,409 3,934 (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income 358 643 Assume that each of the company's divisions has a required rate of return of 8%. Compute residual income for each division. (Enter your answers in millions.) ($ millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income

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