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

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Juniper Design Limited of Manchester, England, provides design services to residential developers. Last year, the company had net operating income of $400,000 on sales of $1,600,000. The company's average operating assets for the year were $1,800,000 and its minimum required rate of return was 11%. Required: Compute the company's residual income for the year

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