Question: Global Corp. initially projected the 2 0 1 9 2 0 1 9 income statement shown in the table LOADING... . Suppose that in 2

Global Corp. initially projected the 20192019 income statement shown in the table LOADING... . Suppose that in 20192019, Global launched an aggressive marketing campaign that boosted 20192019 sales further by 15.8%15.8%.However, their operating margin fell from 6.28%6.28% to 4.46%4.46% Suppose that they had no other income, interest expenses were unchanged, and taxes were the same percentage of pretax income (26%26%) as in 20182018.
a. What was Global's EBIT in 20192019?
b. What was Global's income in 20192019?
c. If Global's P/E ratio (18.018.0) and number of shares outstanding (3.63.6million) remained unchanged, what was Global's share price in 20192019?

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