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Compute residual income for each division

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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.

Reference no: EM131604684

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