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

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Accounting

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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. (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,500 2,400 2,684 352 Cheese Division $4,700 4,600 3,928 637 Assume that each of the company's divisions has a required rate of return of 6.00%. Compute residual income for each division (Enter your answers in millions.) Beverage Chees 15 millions) Targeted return Target Income Rusidual income Beverage Choose Residual income

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