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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
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. Cheese Division Beverage Division (Smillions) $2,550 2,450 2,685 353 $4,800 Invested assets, beginning Invested assets, ending Sales 4,700 3,929 638 Operating income 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.) nces Cheese Beverage (S millions) Targeted retum Target income Cheese Beverage Residual Income Residual income
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