Suppose that in 2016, Global launches an aggressive marketing campaign that boosts sales by

10 % However, their operating margin falls from 5.57% to 4.3%.

Suppose that they have no other income, interest expenses are unchanged, and taxes are the same percentage of pretax income as in 2015.

See Table

GLOBAL CONGLOMERATE CORPORATION
Income Statement
Year Ended December 31 (in $ millions)
	2015	2014
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	long dash	long dash
Earnings before interest and taxes (EBIT)	10.40	7.10
Interest income (expense)	(7.70)	(4.60)
Pretax income	2.70	2.50
Taxes	(0.70)	(0.60)
Net Income	2.00	1.90
Earnings per share:	$0.556	$0.528
Diluted earnings per share:	$0.526	$0.500

a. What is Global's EBIT in 2016?

b. What is Global's income in 2016?

c. If Global's P/E ratio 25.2 and number of shares outstanding 3.6 million) remains unchanged, what is Global's share price in 2016?

a. What is Global's EBIT in 2016?

Global's EBIT in 2016 is million. (Round to two decimal places.)

is

b. What is Global's income in

2016?

Global's net income in 2016 is $ million. (Round to two decimal places.)

c. If Global's P/E ratio 25.2 and number of shares outstanding 3.6 million remains unchanged, what is Global's share price in 2016?

Global's share price is $ (Round to the nearest cent.)