Problem 3-1 DuPont Identity If Hailey, Inc., has an equity multiplier of 1.5, total asset turnover of 1.7, and a profit margi of 6 percent, what is its ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE % Problem 3-2 Equity Multiplier and Return on Equity Bello Company has a debt-equity ratio of .7. Return on assets is 7.8 percent, and total equity is $530,000. a. What is the equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the return on equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Equity multiplier b. Return on equity C. Net income times %