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Juniper Design, provides design services to residential developers. Last year, the company had net operating income of $480,000 on sales of $2,000,000. The company's average

image text in transcribed Juniper Design, provides design services to residential developers. Last year, the company had net operating income of $480,000 on sales of $2,000,000. The company's average operating assets were $2,200,000 and its minimum required rate of return was 11%. Required: Compute the company's residual income

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