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Last year YYY Company had a 6.00% net profit margin based on $35,000,000 in sales...

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Last year YYY Company had a 6.00% net profit margin based on $35,000,000 in sales and $12,000,000 of total assets. During the coming year, the president has set a goal of attaining a 19% return on total assets. If YYY finances 57% of its assets by borrowing, what will its return on common equity be next year if the return on assets goal is achieved? (State your answer in percent with two decimal places.) 29.91% 33.33% 38.15% 48.49% 44.19%

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