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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

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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 15,1%. However, their operating margin fell from 6 26% to 3.98% 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 income 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 2019? GED a. What was Global's EBI Data table Global's EBIT was $0 ml 0 GLOBAL CORPORATION Income Statement Year ended December 31 (in $ millions) 2019 Net sales 186.7 Cost of sales - 152.1 Gross profit 34.6 Selling, general, and administrative expenses - 13.5 Research and development -8.2 Depreciation and amortization - 12 Operating income 11.7 Other Income Earnings before interest and taxes (EBIT) 11.7 Interest income (expense) -7.7 Pretax income 4.0 Taxes - 1.0 Net income 3.0 Earnings per share: 50.83 Diluted earnings per share: $0.80 2018 176.1 -1473 28.8 - 130 -7.6 - 1.1 7.1 7.1 -46 2.5 -0.6 1.9 $0.53 $0.50 Check answe Help me solve thi

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