LRC-17 hn Wood Comma X Course Modules: Managerial Acc X Managerial wwi Sp. X h 1 1 1, Class Assignment #1 https:/ew connectmheducatio 11 In Class Assignment #10 Help Save&ExitS Check my w 2 Exercise 11-2 Residual Income [L011-2] Junlper 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 $440,000 on sales of $1,400,000 The company's average operating assets for the year were $1,500,000 and its minimum required rate of return was 14%. 166 poins opMI Required: Hit Compute the company's residual income for the year