Question 15

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 26%. The firm financed 26% 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.) 100.00% 35.14% 71.20% 109.73% 31.53%