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Problem 11-15 Return on Investment (ROI) and Residual Income [LO11-1,...

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Accounting

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Problem 11-15 Return on Investment (ROI) and Residual Income [LO11-1, LO11-2] Financial data for Joel de Paris, Inc., for last year follow: 35 points Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance eBook Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A Land (undeveloped) Total assets Print $126,000 136,000 479,000 471,000 784,000 432,000 248,000 $2,487,000 2,550,000 345,000 577,000 782,000 404,000 253.000 Liabilities and Stockholders Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 386,000 336,000 991,000 1.110,0001,223,000 $2,487,000 2,550,000 991,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: 4,255,000 3,744,400 510,600 Interest expense $ 125, 000

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