Juniper Design Limited of Manchester, England, provides design services to residential developers. Last year, the company had net

operating income of $$490,000$ on sales of $$2,100,000.$ The company's average operating assets for the year were $$2,300,000$ and its

minimum required rate of return was $11\%.$

Required:

Compute the company's residual income for the year.Juniper Design Limited of Manchester, England, provides design services to residential developers. Last year, the company had net operating income of $$490,000$ on sales of $$2,100,000.$ The company$$s average operating assets for the year were $$2,300,000$ and its minimum required rate of return was $11\%.$

Required:

Compute the company$$s residual income for the year