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Problem 11-17 (Algo) Return on Investment (ROI) and Residual Income (LO11-1, LO11-2] Financial data for Joel de Pans, inc, for last year follow Assets

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Problem 11-17 (Algo) Return on Investment (ROI) and Residual Income (LO11-1, LO11-2] Financial data for Joel de Pans, inc, for last year follow Assets Cash Accounts receivable Inventory Print Plant and equ Investment in Bulsson, S.A. Lane (undeveloped) total assets Joel e Paris, I Belance Sheet Beginning inding Balance $ A 432,000 254,000 215,000 2,456,000 2.167. Liabilities and Stockholders fovity Accounts payahle 1 Lang-tare debt 1,813,000 Stockholders y Total abilities and stocknete Net operating bet Inc Income Statesent 3121,000

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