6 5 ponts Required information Use the following information for the Exercises below. The following...
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6 5 ponts Required information 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 5 millions Beverage Cheese Division Division Invested assets, beginning $2,669 54462 Invested assets, ending 2,597 4,400 Sales 2,685 ,929 Operating income Doc 353 638 Exercise 22-13 Residual income LO A1 Assume that each of the company's divisions has a required rate of return of 5% Compute residual income for each division (Enter your answers in millions.) Beverage Cheese millions Average assets Targeted return Target income Residual income Operating income Less Target income Residual income Beverage Cheese
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