n January 2009, the Status Quo Company was formed. Total assets were $528,000, of which...
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n January 2009, the Status Quo Company was formed. Total assets were $528,000, of which $340,000 consisted of depreciable fixed assets. Status Quo uses straight-line depreciation of $34,000 per year, and in 2009 it estimated its fixed assets to have useful lives of 10 years. Aftertax income has been $64,000 per year each of the last 10 years. Other assets have not changed since 2009. 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
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