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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. (Smillions) Invested assets, beginning Tovested assets, ending Sales Operating income Beverage Division $3,150 3,050 2,697 365 Cheese Division $6,000 5,900 3,941 650 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.) (5 millions) Beverage Cheese Targeted return Targot income Residual Income Beverage Cheese Residual income

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