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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
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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