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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

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 $460,000 on sales of $1.600,000. The company's average operating assets for the year were $1.800.000 and its minimum required rate of return was 11% Required: Compute the company's residual income for the year Residual income

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