Problem 12-5 Computing ROI and RI (L02 - CC4, 6) Financial data for Joel de Paris Inc. for last year follow: JOEL DE PARIS INC. Balance Sheet Ending Balance Beginning Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) $ 500,000 1,500,000 1,000,000 2,000,000 395,000 240,000 $ 750,000 1,750,000 1,000,000 1,500,000 360,000 260,000 Total assets $5,635,000 $5,620,000 Accounts payable Long-term debt Shareholders' equity Liabilities and Shareholders' Equity $ 947,200 3,788,800 899,000 $1,035,000 4,140,000 445,000 Total liabilities and shareholders' equity $5,635,000 $5,620,000