Calculations #10 11 Jama's Jellies manufactures Jams and Jellies. Jama's provides the following information regarding their assets. 18.5 points 8 012233 Cash Beginning Balance $185.000 Ending Balance $215,000 Accounts Receivable $93,000 $98,000 $17,500 $20,000 Investment in XYZ Corp. Factories and Manufacturing Equipment Accumulated Depreciation $705,000 $715,000 $70,500 $80,000 Land $125,000 $125,000 Total Assets $1,055,000 $1,093,000 Several notes accompany the balance sheet information: Accumulated depreciation is on the factories and Manufacturing Equipment XYZ Corp. is a medical equipment company whose stock Jama thinks will increase in value at which time the stock will be sold The Land is the land on which the firm's factories are built Information relating to Jama's Jellies income statement for this year is as follows Revenue $315,000 Variable Expenses $189.000 Fixed Expenses $47.250 Tax Expense $33,075 What was the return on investment for Jama's Jellies this year