Midlands design ltd of manchester england is a company

Reference no: EM13575412

Midlands 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 400,000 on sales of 2,000,000. The companys average operating assets for the year were 2,200,000 and its minimum required rate of return was 16%. Compute the companys residual income for the year.

Reference no: EM13575412

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