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 Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $2,020,000 $2,100,000 $ 140,000 $ 120,000 450,000 530,000 320,000 380,000 680,000 620,000 250,000 280,000 180,000 170,000 $2020,000 $2,100,000 360,000 $ 310,000 1,500,000 1,500,000 160,000 290,000