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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 $2,650 2,550 2,687 355 Cheese Division $5,000 4.980 3,931 640 Assume that each of the company's divisions has a required rate of return of B00% Compute residual income for each division (Enter your answers in millions.) is millions) Beverage Cheese Targeted retum Target income Residual income Beverage Cheese Residual income

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