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PROBLEM 11-17 Return on investment (Roh and Residual Income L011-2012 Financial data for Joel de Paris Ine. Se last year foliowe Joel de Paris, line
PROBLEM 11-17 Return on investment (Roh and Residual Income L011-2012 Financial data for Joel de Paris Ine. Se last year foliowe Joel de Paris, line Balance Sheet Balance Balance Anet ACCO Sectie Inventory Plan 2 , t Lovestment is Buisson SA Land andere Total asset Liabilities and Stockholders' Equity Accounts peable Long time Stockholders are $ 140,000 $ 120,000 450.000 330.000 320,000 350.000 680,000 620.000 250,000 200.000 100.000 170.000 12.020.000 $2.000.000 $360,000 $ 310,000 1.500,000 1.500,000 150,000 290,000 Joel de Paris. In Income Statement Sales $4.050.000 3645.000 405.000 Net operating income $150,000 110.000 200.000 Tux expense The company pait Sets 315.000 last year. The Treatment is Bisce SA..ce the balance sheet represents a setmat is the stock of another company. The company's animem required rate of setumet 15% Required 1. Compute the company's prece operating annet for last year Page 5 2. Compute the company's maris, turse, and return on isestment (ROD) for last year (Hit Sardid you want income as cpeating iercer in your calculiticati) 3. What was the compa's residual income last year
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