2 15 point 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 $400,000 on sales of $2,100.000. The company's average operating assets for the year were $2,300,000 and is minimum required rate of retum was 15% Required: Compute the company's residual income for the year H To no 19 |