! Required information [The following information applies to the questions displayed below.] A food manufacturer reports...

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! Required information [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 Division Cheese Division $2,684 $4,477 2,604 4,411 2,692 3,936 360 645 Assume that each of the company's divisions has a required rate of return of 6%. Compute residual income for each division. (Enter your answers in millions.) ($ millions) Targeted return Beverage Cheese Target income Residual Income Beverage Cheese Residual income ! Required information [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 Division Cheese Division $2,684 $4,477 2,604 4,411 2,692 3,936 360 645 Assume that each of the company's divisions has a required rate of return of 6%. Compute residual income for each division. (Enter your answers in millions.) ($ millions) Targeted return Beverage Cheese Target income Residual Income Beverage Cheese Residual income