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please solve the following question, EXERCISE 10-2 Residual Income LO10-2 Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to

please solve the following question,
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EXERCISE 10-2 Residual Income LO10-2 Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to res- idential developers. Last year the company had net operating income of $600,000 on sales of $3,000,000 The company's average operating assets for the year were $2,800,000 and its minimum required rate of return was 18%. Required: Compute the company's residual income for the year. EVO

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