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Compute the companys residual income

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Reference no: EM131612869

Juniper design LTD of manchester, England, is a company specializing in providing design services to residential developers. Last year the company had a net operating income of 600,000 on sales of 3,000,000. The company's average operating assets for the year were 2,800,000and its minimum required rate return was 18%.

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Compute the company's residual income for the year

 

Reference no: EM131612869

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