What was the change in Global's book value of equity from 2015 to 2016 according to Table 2.1.

1. Global's book value of equity changed by $_? million from 2015 to 2016 (Round to one decimal place.)

2. Does this imply that the market price of Global's shares increased in 2016? (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.

i Data Table 2016 2015 28.9 6.4 Global Corporation Balance Sheet for 2016 and 2015 ($ millions) Assets 2016 2015 Liabilities and Stockholders' Equity Current Assets Current Liabilities Cash 23.2 21.2 Accounts payable Accounts receivable 18.2 12.4 Notes payable/short-term debt Inventories 15.3 Total current liabilities Total current assets 56.7 47.8 Long-Term Liabilities Long-Term Assets Long-term debt Net property, plant, and equipment 113.7 80.9 Total long-term liabilities Total long-term assets 113.7 80.9 Total Liabilities 26.7 2.8 29.5 14.2 35.3 113.1 113.1 148.4 78.5 78.5 108.0 Stockholders' Equity Common stock and paid-in surplus Retained earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 8.1 13.9 22.0 170.4 8.1 12.6 20.7 128.7 Total Assets 170.4 128.7 Print Done