! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] A manufacturer reports the following for two of its divisions for a recent month. Beverage Division Cheese Division Average assets $5,800 $ 11,200 Sales 3,120 5,160 Income 672 920 Exercise 22-13 (Algo) Residual income LO A1 Assume that each of the company's divisions has a target income at 7% of average assets. Compute residual income for each a Sales Income 3,120 672 5,160 920 Check my work Exercise 22-13 (Algo) Residual income LO A1 Assume that each of the company's divisions has a target income at 7% of average assets. Compute residual income for each division Target Income Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income ces