Question: Please explain answer. If you are doing it through excel.. explain how you do the functions on excel so that I may do it too.

 Please explain answer. If you are doing it through excel.. explainhow you do the functions on excel so that I may do

Please explain answer. If you are doing it through excel.. explain how you do the functions on excel so that I may do it too. thanks

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 15.2%. However, their operating margin fell from 6.15% to 3.96% 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 5 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.) GLOBAL CORPORATION Income Statement Year ended December 31 (in 9 millions) 2019 Net sales 186.7 Cost of sales - 152.3 Gross profit 34.4 Selling, general, and administrative expenses - 13.5 Research and development -8.2 Depreciation and amortization - 1.2 Operating income 11.5 Other income Earnings before interest and taxes (EBIT) 11.5 Interest income (expense) -7.7 Pretax income 3.8 Taxes - 1.0 Net income 2.8 Earnings per share: $0.78 Diluted earnings per share: $0.75 2018 176.1 - 147.3 28.8 - 13.0 -7.6 - 1.1 7.1 7.1 -4.6 2.5 -0.6 1.9 $0.53 $0.50

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