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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. (fation) Reverse Cheese Division bivi Invented annetu, beginning $3,250 56,200 Invested assets, ending 3,150 6.100 Sales 2.699 3,93 Operating incom 652 Assume that each of the company's divisions has a required rate of return of 6.00%. Compute residual income for each division (Enter your answers in millions.) (5 millions) Beverage Cheer Targeted return Target Income Residual income Beverage Cheese Residual income

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