6 Juniper Design Limited of Manchester, England, provides design services to residential developers. Last year, the comp

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6 Juniper Design Limited Of Manchester England Provides Design Services To Residential Developers Last Year The Comp 1 (11.45 KiB) Viewed 101 times

6 Juniper Design Limited of Manchester, England, provides design services to residential developers. Last year, the company had net operating income of $430,000 on sales of $1,200.000. The company's average operating assets for the year were $1,400,000 and its minimum required rate of return was 11% Required: Compute the company's residual income for the year 1.67 points Residus income