Global Corp. Initially projected the 2019 income statement shown in the table Suppose that in 2019. Global launched an aggressive marketing campaign that boosted 2019 sales further by 15.5%. However their operating margin fell from 6,41% to 4.42% Suppose that they had no other income, interest expenses were unchanged, and taxes were the same percentage of protax income (26%) as in 2018 a. What was Global's EBIT in 20197 b. What was Global's income in 2019? c. If Global's PE ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Global's share price in 2019? a. What was Global's EBIT in in 20192 Global's EBIT was $ million, (Round to wo decimal places) Data table 2 ope paign that boosted 2019 s and taxes were the same 0 97 01 nu 92 GLOBAL CORPORATION Income Statement Year ended December 31 (in $ millions) 2019 Net sales 186.7 Cost of sales - 151.8 Gross profit 34.9 Seling, general, and administrative expenses -13.5 Research and development -8.2 Depreciation and amortization - 1.2 2018 176.1 - 147.3 28.8 - 13.0 -7.6 - 1.1 Rd Print Done le Check an Global Corp. Initially projected the 2019 income statement shown in the table Suppose that in 2019. Global launched an aggressive marketing campaign that boosted 2019 sales further by 15.5%. However their operating margin fell from 6,41% to 4.42% Suppose that they had no other income, interest expenses were unchanged, and taxes were the same percentage of protax income (26%) as in 2018 a. What was Global's EBIT in 20197 b. What was Global's income in 2019? c. If Global's PE ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Global's share price in 2019? a. What was Global's EBIT in in 20192 Global's EBIT was $ million, (Round to wo decimal places) Data table 2 ope paign that boosted 2019 s and taxes were the same 0 97 01 nu 92 GLOBAL CORPORATION Income Statement Year ended December 31 (in $ millions) 2019 Net sales 186.7 Cost of sales - 151.8 Gross profit 34.9 Seling, general, and administrative expenses -13.5 Research and development -8.2 Depreciation and amortization - 1.2 2018 176.1 - 147.3 28.8 - 13.0 -7.6 - 1.1 Rd Print Done le Check an