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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 $460,000 on sales of $2,000,000. The company's average operating assets for the year were $2, 200,000 and its minimum required rate of return was 16%.

Compute the company's residual income for the year.

Average operating assets
Net operating income
Minimum required return
Residual income.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92719794

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