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Required information [The following information applies to the questions displayed below.] f2 A food manufacturer reports the following for two of its divisions for a
Required information [The following information applies to the questions displayed below.] f2 A food manufacturer reports the following for two of its divisions for a recent year. Beverage Division $2,750 Cheese Division $5,200 ($millions) Invested assets, beginning Invested assets, ending Sales Operating income 2,650 2,689 357 5,100 3,933 642 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.) ces ($ millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income
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