Question: Question 15 (4 points) U KNO, Inc. uses only debt and common equity funds to finance its assets. This past year the firm's return on

Question 15 (4 points) 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 21%. The firm financed 40% percent of its assets using debt. What was the firm's return on common equity? (Round your answer to two decimal places and state it in percentage form.) E) 31.41% 52.50% 44.73% 57.61% 35.00% rection 14

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Demonstrates a strong focus towards achievement and success in self and others.