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Global Corp. initially projected the 2019 income statement shown in the table B. Suppose that in 2019, Global launched an aggressive marketing campaign that boosted

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Global Corp. initially projected the 2019 income statement shown in the table B. Suppose that in 2019, Global launched an aggressive marketing campaign that boosted 2019 sales further by 15.1%. However, their operating margin fell from 6.36% to 3.95% Suppose that they had no other income, interest expenses were unchanged, and taxes were the same percentage of pretax income (26%) as in 2018. a. What was Global's EBIT in 2019? b. What was Global's incorre in 2019? c. If Global's P/E ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Global's share price in 20197 - X Data table a. What was Global's EBIT in 2019? Global's EBIT was $ million. (Round to two decimal pla b. What was Global's incorre in 2019? Net income was million. (Round to two decimal place c. If Global's P/E ratio (18.0) and number of shares outstan Global's share price in 2019 was $. (Round to the near GLOBAL CORPORATION Income Statement Year ended December 31 fin $ millions) 2019 Net sales 186.7 Cost of sales - 151.9 Gross profit 34.8 Selling, general, and administrative expenses - 13.5 Research and development -8.2 Depreciation and amortization - 1.2 Operating income 11.9 Other income Earnings before interest and taxes (EBIT) 11.9 Interest income (expense) - 7.7 Pretax income 4.2 Taxes - 1.1 Net income 3.1 Earnings per share: $0.86 Diluted eamings per share: $0.83 2018 176,1 - 147.3 28.8 - 13.0 -7.6 - 1.1 7.1 7.1 -4.6 2.5 -0.6 1.9 50.53 $0.50

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