- Homework Saved Help Save & Exit Submit Check my work Juniper Design Limited 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 11%. Required: Compute the company's residual income for the year. Residual income