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. (Smillions) Beverage Cheese Division Division Invested assets, beginning $2,850 $5,400 Invested assets, ending 2,750 5,100 Sales 2,691 3,935 Operating income 359 644 Assume that each of the company's divisions has a required rate of return of 10.00% Compute residual income for each division (Enter your answers in millions.) $ millions) Beverage Cheese Targeted retum Target income Rendal income Beverage Cheese Residual income 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. (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,850 2,750 2.691 359 Cheese Division $5,400 5,380 3,935 644 Assume that each of the company's divisions has a required rate of return of 1000% Compute residual income for each division (Enter your answers in millions.) (5 millions) Beverage Cheese Targeted return Target income Residual income Beverage Cheese Residual income