Question: Question 7 1 pts Consider the data below for GDL. The management of GDL thinks they can double their EBI profit margin next year without

Question 7 1 pts Consider the data below for GDL. The

Question 7 1 pts Consider the data below for GDL. The management of GDL thinks they can double their EBI profit margin next year without changing the asset turnover. If they are successful, what will the company's ROA be next year? Answer in decimals and round your answer to 4 decimal places, for example 0.1234. Avg Assets 8,000 Avg Debt 2,000 Avg other liab 400 Sales 20,000 Interest exp 200 Net Income 600 Tax rate 20%

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