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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 25%.
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 25%. The firm financed 21% 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.)
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