2009, 2011, 2014, 2016 and 2018

Problem 3-26 (Algo) Return on assets analysis [LO3-2] In January 2009, the Status Quo Company was formed. Total assets were $556,000, of which $385,000 consisted of depreciable fixed assets. Status Quo uses straight-line depreciation of $38,500 per year, and in 2009 it estimated its fixed assets to have useful lives of 10 years. Aftertax income has been $28,000 per year each of the fast 10 years. Other assets have not changed since 2009. a. Compute return on assets at year-end for 2009, 2011, 2014, 2016 and 2018 . Note: Input your answers as a percent rounded to 2 decimal places