Question
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
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 14.8%. However, their operating margin fell from 6.16% to 4.27% 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?
GLOBAL CORPORATION Income Statement Yaar andad Maramhar 31 lin $ millinnelStep by Step Solution
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