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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

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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 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.) 26.32% 34.88% 30.12% 38.28% 23.61%

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