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Problem 11-15 Return on Investment (ROI) and Residual Income [LC 11-1, L011-2] Financial data for Joel de Paris, Inc., for last year follow 1 Joel

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Problem 11-15 Return on Investment (ROI) and Residual Income [LC 11-1, L011-2] Financial data for Joel de Paris, Inc., for last year follow 1 Joel de Paris, Inc Balance Sheet Ending Balance Beginning Balance Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets $140,000 131,000 339,000 579,000 792,000 401,008 245,000 486,000 485,000 788,000 253,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total iabilities and stockholders' equity 956,000 1,289,0e0 956,000 1,155,00a s 2,496,000 2,577,000 Joel de Paris, Inc. Sales

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