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In January 2009, the Status Quo Company was formed. Total assets were $570,000, of which $312,000 consisted of depreciable fixed assets. Status Quo uses straight-line
In January 2009, the Status Quo Company was formed. Total assets were $570,000, of which $312,000 consisted of depreciable fixed assets. Status Quo uses straight-line depreciation of $31,200 per year, and in 2009 it estimated its fixed assets to have useful lives of 10 years. Aftertax income has been $65,000 per year each of the last 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. Year Return on Assets 2009 12.06% 2011 % 2014 % 2016 % 2019 %
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