what would be 2021 EBIT margin

can someone explain please ASAP

n thousands) Statement of Income: 2020 Revenue $ 1,230.0 Cost of Goods Sold 670.0 Gross Margin 560.0 Selling, General & Admin Expense 300.0 Restructuring Charge 50.0 Depreciation 85.0 Operating Income 125.0 Other Income (expense) (10.0) Interest Expense 40.0 Pre-tax Income 75.0 Taxes 15.0 Net Income $ 60.0 Disclaimer - Honor Pledge Formula Sheet 1 Formula Sheet 2 By Type here to search 1. Based on the following assumptions, what is the expected change (%) in reported net income in 2021 (14 pts) a. Revenue is projected to increase 23% b. Cost of goods are expected to decrease 10 bps as a percentage of Revenue C. SG&A is expected to increase 25 bps as a percentage of Revenue due to increased hiring needs d. Depreciation and Interest Expense are projected to be flat at $85 and $40, respectively in 2021 e. There is not expected to be any other Income (expense) Taxes are estimated to be 20% 7 -8 19