connect. ACCOUNTING Quest 7 value 1000 points Exercise 11-2 Residual Income ILO11-21 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 $410,000 on sales of $1,700,000. The company's average operating assets for the year were $1,900,000 and its minimum required rate of return was 11%. Required: Compute the company's residual income for the year Average operating assets Net operating income Minimum required return Residual income References eBook &Resources Expanded table Dimculty 1 Easy Exercise 11-2 Residual Income [LO11-2 Leaning Objective: 11-02 Compute residual income understand its strengths and weaknesses