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Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Global Corporation Income Statement Year ended December 31
Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Global Corporation Income Statement Year ended December 31 (in $ millions) Net sales Cost of sales Gross Profit Selling, general, and administrative expenses Research and development Depreciation and amortization Operating Income 2023 2022 186.7 176.1 -152.1 -147.3 34.6 28.8 - 13.5 -13.0 - 8.2 -7.6 - 1.2 -1.1 11.7 7.1 Other income Earnings Before Interest and Taxes (EBIT) 11.7 7.1 Interest income (expense) -7.7 Pretax Income 4.0 Taxes -1.0 -4.6 2.5 -0.6 Net Income 3.0 1.9 Earnings per share: $0.83 $0.53 Diluted earnings per share: $0.80 $0.50 Global Corp. initially projected the 2023 income statement shown in the following table: Suppose that in 2023Globallaunched an aggressive marketing campaign that boosted 2023sales further by 14.1% However, their operating margin fell from 6.25% to 4.06%Suppose that they had no other income, interest expenses were unchanged, and taxes were the same percentage of pretax income (26%) as in 2022. a. What was GlobalEBIT in 2023? b. What was Globallset income in 2023? c. If GlobalB/E ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Globalshare price in 2023?
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