ACCT 2410-Juniper Design Ltd. of Manchester, England

by | Mar 18, 2020 | Uncategorized

  

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 $1,200,000. The company’s average operating assets for the year were $1,400,000 and its minimum required rate of return was 14%.

Required:Compute the company’s residual income for the year.

Average operating assets =

Net operating income =

Minimum required income =

Residual income =

  

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