What was the change in Global Conglomerate's book value of equity from 2017 to 2018 according to Table 2.1? Does this imply that the market price of Global's shares increased in 2018? Explain (Select all the choices that apply) A 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. 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. Global Conglomerate's book value of equity increased by $1 milion from 2017 to 2018. An increase in book value necessarily indicates an increase in Globar's share price C. The market value of a stock depends on both the historical cost of the firm's assets and investors expectation of the firm's future performance. 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. Global Conglomerate's book value of equity increased by $1 million from 2017 to 2018. An increase in book value does not necessarily ildicate an increase in Globa's share price Data table GLOBAL CONGLOMERATE CORPORATION Consolidated Balance Sheet Year Ended December 31 (in $ million) 2018 2017 Assets Current Assets Cash Accounts receivable Inventories Other current assets Total current assets Long-Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill and intangible assets Other long-term assets Total long-term assets Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts payable Notes payable/short-term debt 21.2 18.5 15.3 2.0 57.0 22.2 36.5 39.7 -18.7 79.7 20.0 21.0 120.7 177.7 29.2 3.5 19.5 13.2 14.3 1.0 48.0 20.7 30.5 33.2 -17.5 66.9 20.0 14.0 100.9 148.9 24.5 3.2 - X