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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 $ 2,697 2,611 2,699 367 Choose Division $ 4,490 4.418 3,943 652 Assume that each of the company's divisions has a required rate of return of 6%. Compute residual income for each division (Enter your answers in millions.) Beverage Cheese (5 milliona) Target income Targeted return Target Income Residual income Gross Prof Plus. Target incomo Residual income Beverage Cheese $ Average assets Gross Profit Operating income Target Income

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