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What was the change in Global's book value of equity from to according to Table 2.1 ...? Does this imply that the market price of Global's shares increased in ? Explain. What was the change in Global's book value of equity from 2018 to 2019? Global's book value of equity changed by $enter your response here million from 2018 to 2019. (Round to one decimal place.) Part 2 Does this imply that the market price of Global's shares increased in 2019? Explain.  (Select all the choices that apply.)

What was the change in Global's book value of equity from to according to Table 2.1 ...? Does this imply that the market price of Global's shares increased in ? Explain. What was the change in Global's book value of equity from 2018 to 2019? Global's book value of equity changed by $enter your response here million from 2018 to 2019. (Round to one decimal place.) Part 2 Does this imply that the market price of Global's shares increased in 2019? Explain.  (Select all the choices that apply.)

Cornerstones of Financial Accounting
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 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...
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What was the change in Global's book value of equity from to according to Table 2.1 ...? Does this imply that the market price of Global's shares increased in ? Explain. What was the change in Global's book value of equity from 2018 to 2019? Global's book value of equity changed by $enter your response here million from 2018 to 2019. (Round to one decimal place.) Part 2 Does this imply that the market price of Global's shares increased in 2019? Explain.  (Select all the choices that apply.)
Data table Global Corporation Balance Sheet for 2019 and 2018 ($ millions) Assets 2019 2018 Liabilities and Stockholders' Equity 2019 2018 Current Assets Current Liabilities Accounts payable Notes payable/short-term debt Cash 22.5 21.2 29.8 27.4 Accounts receivable 18.5 13.3 5.1 3.8 Inventories 14.6 14.3 Total current liabilities 34.9 31.2 Total current assets 55.6 48.8 Long-Term Liabilities Long-Term Assets Net property, plant, and equipment Total long-term assets 76.8 Long-term debt Total long-term liabilities 110.4 113.2 80.9 110.4 76.8 113.2 80.9 Total Liabilities 145.3 108.0 Stockholders' Equity Common stock and paid-in surplus Retained earnings Total Stockholders' Equity 8.9 8.9 14.6 12.8 23.5 21.7 168.8 129.7 Total Assets 168.8 129.7 Total Liabilities and Stockholders' Equity
Transcribed Image Text:Data table Global Corporation Balance Sheet for 2019 and 2018 ($ millions) Assets 2019 2018 Liabilities and Stockholders' Equity 2019 2018 Current Assets Current Liabilities Accounts payable Notes payable/short-term debt Cash 22.5 21.2 29.8 27.4 Accounts receivable 18.5 13.3 5.1 3.8 Inventories 14.6 14.3 Total current liabilities 34.9 31.2 Total current assets 55.6 48.8 Long-Term Liabilities Long-Term Assets Net property, plant, and equipment Total long-term assets 76.8 Long-term debt Total long-term liabilities 110.4 113.2 80.9 110.4 76.8 113.2 80.9 Total Liabilities 145.3 108.0 Stockholders' Equity Common stock and paid-in surplus Retained earnings Total Stockholders' Equity 8.9 8.9 14.6 12.8 23.5 21.7 168.8 129.7 Total Assets 168.8 129.7 Total Liabilities and Stockholders' Equity
What was the change in Global's book value of equity from 2018 to 2019 according to Table 2.1 E? 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.) Does this imply that the market price of Global's shares increased in 2019? Explain. (Select all the choices that apply.) O A. 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 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. O C. The market value of a stock does not depend on the historical cost of the firm's assets, but on investors' expectatiọn of the firm's future performance. O D. An increase in book value does not necessarily indicate an increase in Global's share price.
Transcribed Image Text:What was the change in Global's book value of equity from 2018 to 2019 according to Table 2.1 E? 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.) Does this imply that the market price of Global's shares increased in 2019? Explain. (Select all the choices that apply.) O A. 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 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. O C. The market value of a stock does not depend on the historical cost of the firm's assets, but on investors' expectatiọn of the firm's future performance. O D. An increase in book value does not necessarily indicate an increase in Global's share price.
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