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Please answer the following question QUICK, showing all work accordingly on all sections. Thank you. Global Corp. initially projected the 2019 income statement shown in
Please answer the following question QUICK, showing all work accordingly on all sections. Thank you.
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 15.4%. However, their 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 Year ended December 31 (in $ millions) \begin{tabular}{lrr} \hline Earnings before interest and taxes (EBIT) & 11.0 & 7.1 \\ Interest income (expense) & 7.7 & 4.6 \\ \hline Pretax income & 3.3 & 2.5 \\ Taxes & 0.9 & 0.6 \\ \hline Net income & 2.4 & 1.9 \\ \hline Earnings per share: & $0.67 & $0.53 \\ Diluted earnings per share: & $0.64 & $0.50 \\ \hline \end{tabular}
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