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What was the change in Global's book value of equity from 2017 to 2018 according to the Global Corporation Balance Sheet? Does this imply that

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What was the change in Global's book value of equity from 2017 to 2018 according to the Global Corporation Balance Sheet? Does this imply that the market price of Global's shares increased in 2018? Explain Click the icon to view the Global Corporation Balance Sheet TOWN What was the change in Global's book value of equity from 2017 to 2018 according to the table? Global's book value of equity increased by $ 1 million from 2017 to 2018 (Round to one decimal place.) Does this imply that the market price of Global's shares increased in 2018? Explain Select all that apply. A. An increase in book value does not necessarily indicate an increase in Global's share price. B. 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 OC. 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 I D. 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. Global corporation balance sheet Assets 2018 2017 Current Assets Cash Accounts receivable Inventories Total current assets Global Corporation Balance Sheet for 2018 and 2017 (5 millions) 2018 2017 Liabilities and Shareholders Equity Current Liabilities 23.4 204 Accounts payable 183 123 Notes payable short-term debt 15,5 13.5 572 462 Total current liabilities 284 55 25 1 32 N 339 29.3 1135 Long-Term Liabilities Long-term debt 818 1144 LongTerm Assets Not property, plant and equipment Total long-term assets 779 1135 818 Total long-term liabilities Total Liabilities 1144 148.3 779 1072 Shareholders' Equity Common stock and paid in surplus Retained earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity 8.4 14.0 22.4 170.7 8.4 124 20.8 128.0 Total Assets 170.7 128.0

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