Exercise 11-2 (Algo) Residual Income (L011-2] Juniper Design Limited of Manchester, England, provides design services to residential developers, Last year, the company had niet operating income of $460,000 on sales of $1900,000. The company's average operating assets for the year were $2,100,000 and its minimum required rate of return was 16% Required: Compute the company's residual income for the year Roaldual income