(Answered) Question - kraft foods group reports the following for two

Accounting

Question - Kraft Foods Group reports the following for two of its divisions for a recent year. All numbers are in millions of dollars.

($ millions)	Beverage Division	Cheese Division
Invested assets, beginning	$2,860	$4,930
Invested assets, ending	2,950	5,150
Sales	3,081	5,245
Operating income	389	694

Assume that each of the company's divisions has a required rate of return of 8%. Compute residual income for each division.

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