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Compute the company residual income for the year

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Question - Juniper 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 $480,000 on sales of $1,300,000. The company's average operating assets for the year were $1,500,000 and its minimum required rate of return was 13%. Compute the company's residual income for the year.

Reference no: EM133168578

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