4.5 2 points ellook Hint 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 $500,000 on sales of $2,200,000. The company's average operating assets for the year were $2,400,000 and its minimum required rate of return was 13% Required: Compute the company's residual income for the year. Print Average operating assets Net operating income References Minimum required return Residual income $ (13)