What was the change in Global’s book value of equity from 2018 to 2019 according to the data table? Does this imply that the market price of Global’s shares increased in 2019?What was the change in Global‘s book value of equity from 2018-2019?a) Global’s book value of equity changed by $____ million from 2018 to 2019. (Round to one decimal place.)b) does this imply that the market price of Global’s shares increase in 2019? Select all the choices that apply. 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.)Does this imply that the market price of Global's shares increased in 2019? Explain. (Select all the choices that apply.)O A. 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.O 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.O C. An increase in book value does not necessarily indicate an increase in Global's share price.O 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. Data table- XGlobal Corporation Balance Sheet for 2019 and 2018 ($ millions)Liabilities and Stockholders' EquityCurrent LiabilitiesAccounts payableNotes payable/short-term debtAssets2019201820192018Current AssetsCash22.319.628.825.7Accounts receivable17.913.66.12.4Inventories15.213.4Total current liabilities34.928.1Long-Term LiabilitiesLong-term debtTotal long-term liabilitiesTotal current assets55.446.6111.777.9Long-Term AssetsNet property, plant, and equipmentTotal long-term assets113.780.4111.777.9113.780.4Total Liabilities146.6106.0Stockholders' EquityCommon stock and paid-in surplusRetained earningsTotal Stockholders' EquityTotal Liabilities andStockholders' Equity8.28.214.312.822.521.0169.1127.0169.1127.0Total Assets

Equity is the main component of the capital structure and it is a long term liability which is…

What was the change in Global’s book value of equity from 2018 to 2019 according to the data table? Does this imply that the market price of Global’s shares increased in 2019? What was the change in Global‘s book value of equity from 2018-2019? a) Global’s book value of equity changed by $____ million from 2018 to 2019. (Round to one decimal place.) b) does this imply that the market price of Global’s shares increase in 2019? Select all the choices that apply.

What was the change in Global’s book value of equity from 2018 to 2019 according to the data table? Does this imply that the market price of Global’s shares increased in 2019? What was the change in Global‘s book value of equity from 2018-2019? a) Global’s book value of equity changed by $____ million from 2018 to 2019. (Round to one decimal place.) b) does this imply that the market price of Global’s shares increase in 2019? Select all the choices that apply.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 103.2C

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