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)	Beverage Division				Cheese Division
Invested assets, beginning	$	2,697			$	4,490
Invested assets, ending		2,611				4,418
Sales		2,699				3,943
Operating income		367				652

Exercise 22-13 Residual income LO A1

Assume that each of the companys divisions has a required rate of return of 6%. Compute residual income for each division. (Enter your answers in millions.)

S millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income