Return to question 5 A food manufacturer reports the following for two of its divisions for a recent year. Cheese Division $4,455 4,400 3,925 Beverage Division $2,662 2,593 2,681 (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income 14.28 points 634 349 Exercise 9-13 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 not complete (S millions) Beverage Cheese Average assets Targeted return Target income 4,455 2.593% 115,518 2.593% Residual Incom Beverage Cheese Operating income Less: Target income Residual income 634 349 634