! Required information Use the following information for the Exercises below. [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 Cheese Division Division $2,688 $4,481 2,606 4,413 2,694 3,938 362 647 Exercise 22-13 Residual income LO A1 Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each division. (Enter your answers in millions.) > Answer is complete but not entirely correct. ($ millions) Beverage Cheese Average assets $ 2,688 $ 4,481 X Targeted return 7% 7% Target income $ 188 $ 314 Residual Income Beverage Cheese Operating income $ 362 $ 647 Less: Target income (188) (310) Residual income $ 174 $ 337 X