Global Corp. initially projected the 2019 income statement shown in the table Suppose that in 2019,...

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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 15.8%. However, their operating margin fell from 6.38% to 3.97% 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 $ million. (Round to two decimal places.) Enter your answer in the answer box and then click 2 parts remaining Data Table GLOBAL CORPORATION Income Statement Year ended December 31 (in $ millions) 2019 2018 Net sales Cost of sales Gross profit 186.7 176.1 - 151.9 - 147.3 34.8 28.8 Selling, general, and administrative expenses - 13.5 - 13.0 Research and development Depreciation and amortization Operating income Other income - 8.2 -7.6 -1.2 -1.1 11.9 7.1 - - Earnings before interest and taxes (EBIT) 11.9 7.1 Interest income (expense) -7.7 -4.6 Pretax income 4.2 2.5 Taxes -1.1 -0.6 Net income 3.1 1.9 Earnings per share: $0.86 $0.53 Diluted earnings per share: $0.83 $0.50 - 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 15.8%. However, their operating margin fell from 6.38% to 3.97% 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 $ million. (Round to two decimal places.) Enter your answer in the answer box and then click 2 parts remaining Data Table GLOBAL CORPORATION Income Statement Year ended December 31 (in $ millions) 2019 2018 Net sales Cost of sales Gross profit 186.7 176.1 - 151.9 - 147.3 34.8 28.8 Selling, general, and administrative expenses - 13.5 - 13.0 Research and development Depreciation and amortization Operating income Other income - 8.2 -7.6 -1.2 -1.1 11.9 7.1 - - Earnings before interest and taxes (EBIT) 11.9 7.1 Interest income (expense) -7.7 -4.6 Pretax income 4.2 2.5 Taxes -1.1 -0.6 Net income 3.1 1.9 Earnings per share: $0.86 $0.53 Diluted earnings per share: $0.83 $0.50 -

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a Globals 2019 sales were projected as 1867 million Since sales increase... View the full answer