uniper 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 $490,000 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 12%. Required: Compute the companys residual income for the year.

average opperting asset

net operating income

minimum required return

residual income