Save Homework: M1: Chapter 2 Homework Score: 0 of 1 pt 7 of 9 (6 complete) HW Score: 54.9%, 4.94 of 9 pts P2-11 (similar to) Question Help Suppose that in 2019, Global launches an aggressive marketing campaign that boosts sales by 16%. However, their operating margin falls from 5.57% to 4.2%. Suppose that they have no other income, interest expenses are unchanged, and taxes are the same percentage of pretax income as in 2018. (See Table 2.2 a. What is Global's EBIT in 2019? Data Table b. What is Global's income in 2019? c. If Global's P/E ratio (25.2) and number of shares outstanding (3.6 million) remains unchanged, what is a. What is Global's EBIT in 20197 GLOBAL CONGLOMERATE CORPORATION Income Statement Global's EBIT in 2019 is $ milion (Round to two decimal places.) Year Ended December 31 (in 9 millions) 2018 2017 Total sales 186.70 176.10 Cost of sales (153.40) (147.30) ) Gross Profit 33.30 28.80 Selling, general, and administrative expenses (13.50) () (13.00) Research and development (8.20) (7.60) Depreciation and amortization (1.20) (1.10) Operating Income 10.40 7.10 Other income Earnings before interest and taxes (EBIT) 10.40 7.10 Interest income expense) 7.70) (4.60) Enter your answer in the answer box and then click Check Answer Pretax income 2.70 2.50 Taxes (0.70) (0.60) 2 parts remaining CHO ty w MacBook Pro 516 $ 26 5 6 7 8 E R T Y U O