Help Save & Exit 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 11%. Required: Compute the company's residual income for the year. Residual income