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 22%. The firm financed 20% 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.) 24.68% 110.00% 73.37% 120.70% 27.50%

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