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K What was the change in Global's book value of equity from 2018 to 2019 according to Table 2.1 ? Does this imply that
K What was the change in Global's book value of equity from 2018 to 2019 according to Table 2.1 ? Does this imply that the market price of Global's shares increased in 2019? Explain. What was the change in Global's book value of equity from 2018 to 2019? Global's book value of equity changed by $million from 2018 to 2019. (Round to one decimal place.) 0 2019 23.5 19.4 Assets Current Assets Cash Accounts receivable Global Corporation Balance Sheet for 2019 and 2018 (5 millions) 2018 Liabilities and Stockholders' Equity 2019 2018 Current Liabilities 21.4 Accounts payable 28.5 27.3 13.3 Notes payable/short-term debt 49 3.3 Inventories 15.6 15.1 Total current liabilities 33.4 30.6 Total current assets 585 49.8 Long Term Liabilities Long-Term Assets Long-term debt 116.9 79.0 Net property, plant, and equipment 114.1. 80.4 Total long-term liabilities 116.9 79.0 Total long-term assets 114.1 80.4 Total Liabilities 150.3 109.6 Stockholders' Equity Common stock and paid-in surplus 7.5 7.5 Retained earnings 148 13.1 Total Stockholders' Equity 223 20.6 Total Assets 1726 130.2 Total Liabilities and 1726 130.2 5162 Stockholders' Equity
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