Question: Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] A manufacturer reports the following

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] A manufacturer reports the following for two of its divisions for a recent month. Beverage Cheese Division Division Average assets $ 8,200 $ 14, 800 Sales 3, 480 5, 640 Income 888 1, 280 Exercise 22-13 (Algo) Residual income LO A1 Assume that each of the company's divisions has a target income at 7% of average assets. Compute residual income for each division. Beverage Cheese Residual income

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