Chapter 11 Homework Required 25 2 Seved 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 $1.400.000. The company's average operating assets for the year were $1,600,000 and its minimum required rate of return was 12% Required: Compute the company's residual income for the year. Residual ecume He Chapter 11 Homework Required 25 2 Seved 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 $1.400.000. The company's average operating assets for the year were $1,600,000 and its minimum required rate of return was 12% Required: Compute the company's residual income for the year. Residual ecume He