Problem $3-26($Algo$)$ Return on assets analysis $[$LO$3-2]$

In January $2009,$ the Status Quo Company was formed. Total assets were $$547,000,$ of which $$381,000$ consisted of

depreciable fixed assets. Status Quo uses straight$-$line depreciation of $$38,100$ per year, and in $2009$ it estimated its

fixed assets to have useful lives of $10$ years. Aftertax income has been $$57,000$ 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.

b$.$ To what do you attribute the phenomenon shown in part a$?$

Annual depreciation charges

Increase in current assets

Increase in market share

c$.$ Now assume income increased by $10$ percent each year. What effect would this have on your answers to part a$?$