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Required information (The following information applies to the questions displayed below.) Pritchard Company reports the below for its beverage and cheese divisions. ($millions) Invested assets,
Required information (The following information applies to the questions displayed below.) Pritchard Company reports the below for its beverage and cheese divisions. ($millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,697 2,611 2,699 367 Cheese Division $4,490 4,418 3,943 652 Each of the company's divisions has a required rate of return of 6%. For each division, compute residual income. (Enter your answers in millions.) ($ millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income
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