3. What was the change in Global's book value of equity from 2015 to 2016, according to Table 2.1. Does this imply that the market price of Global's shares increased in 2016? Explain. What was the change in Global's book value of equity from 2015 to 2016?

2016 2015 20.5 Global Corporation Balance Sheet for 2016 and 2015 ($ millions) Assets Current Assets Cash Accounts receivable Inventories Total current assets Long-Term Assets Net property, plant, and equipment Total long-term assets 23.7 19.2|| 16.11 59 47.9 113.5) 113.5 81.2 81.21 Total Assets 172.5 129.1 2016 2015 Liabilities and Stockholders' Equity Current Liabilities Accounts payable Notes payable/short-term debt Total current liabilities Long-Term Liabilities Long-term debt Total long-term liabilities Total Liabilities 29.8 5.5| 35.3 26.9 2.4 29.3 78.8 114.81 114.8 78.8 150.1 108.1 8.7 8.7 Stockholders' Equity Common stock and paid-in surplus Retained earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 13.7 12.3 22.4 172.5 129.1