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value. 10.00 points Exercise 22-12 Residual income LO A1 of Foods Group reports the following for two of its divisions for a recent year All

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value. 10.00 points Exercise 22-12 Residual income LO A1 of Foods Group reports the following for two of its divisions for a recent year All numbers are in millions dollars. Beverage ($millions) Division Divi Invested assets, beginning 2,820 4,930 Invested assets, ending 4,970 2,890 Sales 3,001 4,965 operating income 529 714 Assume that each of the company's divisions has a required rate of return of 10%. Compute residual income for each division. (Enter your answer in millions. Round "Targeted return" to 2 decimal places. Round your answers to nearest whole dollar.) (S millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income

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