Please assist with the given problems.
Using the Du Pont method, evaluate the effects of the following relationships for Moris Incorporated.
Question 1: Moris Incorporated has a profit margin of 5 percent and its return on assets (investment) is 13.5 percent. What is its asset turnover ratio?
Question 2: If Moris Incorporated has a debt-to-total-assets ratio of 60 percent, what will the firm's return on equity be?
Question 3: What would happen to return on equity if the debt-to-total-assets ratio decreased to 40 percent?