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%