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Globall Corporation Balance Sheet for 2022 and 2021 ($ millions) Assets 2022 2021 Liabilities and Stockholders' Equity 2022 2021 Current Assets Current Liabilities Cash 23.9

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Globall Corporation Balance Sheet for 2022 and 2021 ($ millions)
Assets 2022 2021 Liabilities and Stockholders' Equity 2022 2021
Current Assets Current Liabilities
Cash 23.9 20.8 Accounts payable 28.4 26.3
Accounts receivable 19.5 13.7 Notes payable/short-term debt 5.7 3.6
Inventories 14.6 13.7 Total current liabilities 34.1 29.9
Total current assets 58 48.2 Long-Term Liabilities
Long-Term Assets Long-term debt 115.1 77.9
Net property, plant, and equipment 113.6 80.4 Total long-term liabilities 115.1 77.9
Total long-term assets 113.6 80.4 Total Liabilities 149.2 107.8
Stockholders' Equity
Common stock and paid-in surplus 7.6 7.6
Retained earnings 14.8 13.2
Total Stockholders' Equity 22.4 20.8
Total Assets 171.6 128.6 Total Liabilities and Stockholders' Equity 171.6 128.6
What was the change in Global's book value of equity from 2021 to 2022 according to Table 2.1: ? Does this imply that the market price of Globalkshares increased in 2022Explain. What was the change in Global's book value of equity from 2021 to 2022? Global's book value of equity changed by $ million from 2021to 2022.(Round to one decimal place.) Does this imply that the market price of Global's shares increased in 2022? Explain. (Select all the choices that apply.) A. An increase in book value does not necessarily indicate an increase in Global's share price. B. An increase in book value necessarily indicates an increase in Global's share price. The book value of the equity does not go up unless the share price goes up. C. There are many events that may affect Global's future profitability, and hence its share price, that do not show up on the balance sheet. D. The market value of a stock does not depend on the historical cost of the firm's assets, but on investors' expectation of the firm's future performance

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