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 $410,000 on sales of $1,300,000. The companys average operating assets for the year were $1,500,000 and its minimum required rate of return was 16%.

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 $410,000 on sales of $1,300,000. The company's average operating assets for the year were $1,500,000 and its minimum required rate of return was 16%. Required: Compute the company's residual Income for the year. Residual income