20 U KNO, Inc uses only debt and common equity funds to finance its assets This past year the firm's return on total assets was 15 The firm financed 43 percent of its assets using equity What was the firm's return on common equity (Round your answer to two decimal places and state it in percentage form A 26 32 B 34 88 C 30 12 D 38 28 E 23 61 even) 20 U KNO, Inc uses only debt and common equity funds to finance its assets This past year the firm's return on total assets was 15 The firm financed 43 percent of its assets using equity What was the firm's return on common equity (Round your answer to two decimal places and state it in percentage form A 26 32 B 34 88 C 30 12 D 38 28 E 23 61

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Question: 20. U KNO, Inc. uses only debt and common equity funds to finance its assets. This past year the firm's return on total assets was

20. U KNO, Inc. uses only debt and common equity funds to finance its assets. This past year the firm's return on total assets was 15%. The firm financed 43% percent of its assets using equity. What was the firm's return on common equity? (Round your answer to two decimal places and state it in percentage form. A. 26.32% B. 34.88% C. 30.12% D. 38.28% E. 23.61% even)

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