pps Saved Chapter11 Homework(E11-1,2,5 11A-1,4) Exercise 11-2 Residual Income [LO11-2 2 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 $430,000 on sales of $1,400,000. The company's average operating assets for the year were $1,600,000 and its minimum required rate of return was 11% 10 points Required: Compute the company's residual income for the year Skipped Residual Ihcome eBook Print References

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