Juniper design LTD of manchester, England, is a company specializing in providing design services to residential developers.

Juniper design LTD of manchester, England, is a company specializing in providing design services to residential developers. Last year the company had a net operating income of 600,000 on sales of 3,000,000. The company's average operating assets for the year were 2,800,000and its minimum required rate return was 18%.

required

compute the company's residual income for the year

Residual income equals Net Operating income less Desired income Desired income equals Minimumu required rate of return *Operating assets Net Operating incomeRequired rate of returnAverage...