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 23%. The firm financed 27% of its assets using equity. What was the firm's return on common equity? 93.47% 31.51% 55.34% 85.19% 28.27% Question 17

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 23%. The firm financed 27% of its assets using equity. What was the firm's return on common equity? 93.47% 31.51% 55.34% 85.19% 28.27%