5.00 points In January 2007, the Status Quo Company was formed. Total assets were $505 of $36,600 per year, and in 2007 It estimated its fixed assets to have useful ives of 10 years Afertax income has been $26,000 per year for each of the last 10 years. Other not changed since 2007 a. Compute return on assets at year-e places.) nd for 2007, 2009, 2012,2014, and 2016. Use $26,000 in the numerator for each year) (nput your answers as a percent rounded to 2 decimal Return on Assets Year 2007 2009 2012 2014 2016 b. To what do you attribute the phenomenon shown in part a? Annual depreciation charges O Increase in market share O Increase in current assets c. Now assume income increased by 10 percent each year. What effect would this have on your answers to part a? Return on assets will leE