Compute the company residual income for the year

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Reference no: EM131072085

Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $430,000 on sales of $1,100,000. The company’s average operating assets for the year were $1,300,000 and its minimum required rate of return was 13%. Compute the company’s residual income for the year. Average operating assets______ Net operating income_______ Minimum required return_______ Residual income______

Reference no: EM131072085

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