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Compute the company residual income for the year

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Reference no: EM133088024

Question - Design Limited of Manchester, England, Is a company specializing in providing design services to residential developers. Last year the company had net operating Income of $440,000 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 10%. Compute the company's residual Income for the year.

Reference no: EM133088024

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