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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 $ 2,700 2,600 2,688 356 Cheese Division $5,100 5,000 3,932 641 Assume that each of the company's divisions has a required rate of return of 8.00%. Compute residual income for each division. (Enter your answers in millions.) ($ millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income comer

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