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sss Data table Global Corp. initially projected the 2019 income statement shown in the table. Suppose that in 2019 , Global launched an aggressive marketing
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Data table 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 14.9%. However, their operating margin fell from 6.05% to 4.35% 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 ? a. What was Global's EBIT in 2019? Global's EBIT was 9 million. (Round to two decimal places.) b. What was Global's income in 2019? Net income was $ million. (Round to two decimal places.) 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's share price in 2019 was $ (Round to the nearest cent.)Step by Step Solution
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