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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

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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. ($millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,450 2,350 2,683 351 Chees Division $4,600 4,500 3,927 636 Assume that each of the company's divisions has a required rate of return of 8.00%. Compute residual income for each division. (Enter your answers in millions.) ($ millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income

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