Che Juniper Design Ltd. of Manchester, England, is a company specializing in providing design…

 
   

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Che 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 $480,000 on sales of $1100,000. The.company’s average operating assets for the year were $1,300,000 and its minimum required rate of return was 12%. Required: Compute the company’s residual income for the year sidual income
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