Business, 18.07.2020 01:01 tresajacko4931

A food manufacturer reports the following for two of its divisions for a recent year. ($millions) Beverage Division Cheese Division
Invested assets, beginning $ 2,685 $ 4,480
Invested assets, ending 2,605 4,412
Sales 2,693 3,937
Operating income 361 646
Assume that each of the company’s divisions has a required rate of return of 8%. Compute residual income for each division. (Enter your answers in millions.)

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A food manufacturer reports the following for two of its divisions for a recent year. ($millions) B...