Check my work Exercise 10-2 Residual Income [LO10-2] 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 $1,200,000. The company's average operating assets for the year were $1,400,000 and its minimum required rate of return was 13% Required: Compute the company's residual income for the year. Residual income o search O e < Prev 2 of 8 Next > LF a R 65F A ING 6:04PM 4/11/2012