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Business, 11.12.2019 23:31 nothingworksoutforme

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 $470,000 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 13%.

required:

compute the company’s residual income for the year.
a. average operating assets-
b. net operating income-
c. minimum required return-
d. residual income-

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