Question: Question 5 (2 points) U KNO, Inc. uses only debt and common equity funds to finance its assets. This past year the firm's return on

 Question 5 (2 points) U KNO, Inc. uses only debt and

Question 5 (2 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 13%. The firm financed 35% 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.) 20.00% 37.14% 27.61% 40.76% 17.95%

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