nabled: Chapter 11 Homework Saved Help Save & Exit Submit Check my work Juniper Design Limited of Manchester, England, provides design services to residential developers. Last year, the company had net operating income of $420,000 on sales of $2,000,000. The company's average operating assets for the year were $2,200,000 and its minimum required rate of return was 10%. Required: Compute the company's residual income for the year. Residual income Next > 40 ENG arch O