Assignments ACG 2071 xConnect ?-> ?·Secure I https://newconnect.mheducation.com/

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Assignments ACG 2071 xConnect ?-> ?·Secure I https://newconnect.mheducation.com/flow/connect.html OG.ood manufacturer repomx GKraft Foods Group Repo ? Chapter 22 Saved The following information applies to the questions displayed below A food manufacturer reports the following for two of its divisions for a recent year Part 2 of 2 (Smillions) Invested assets, beginning Invested assets, ending Sales Operating incone Divisi $2,689 2,607 2,695 363 Division 4,484 4,414 ,939 648 125 points eBook Assume that each of the company's divisions has a required rate of return of 6%. Compute residual incom your answers in millions Print References S millions) Cheese Targeted return Target income Residual Income Cheese Residual income

Explanation / Answer

Q11. Beverage Cheese Invested Assets Beginning 2689 4484 Invested Assets, End 2607 4414 Average Assets 2648 4449 Target return 6% 6% Target Income 158.88 266.94 RESIDUAL INCOME BEVERAGE CHEESE Net Income 363 648 Target Income 158.88 266.94 Residual Income 204.12 381.06

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