Exercise 11-2 Residual Income (LO11-2] Juniper Design Ltd. of Manchester England, is a company specializing in provieling design services to residential developers. Last year, the company had net operating income of $450.000 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