What was the change in Globals book value of equity from 2018 to 2019 according to Table
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What was the change in Global’s book value of equity from 2018 to 2019 according to Table 2.1? Does this imply that the market price of Global’s shares increased in 2019? Explain.
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Assets Current Assets Cash Accounts receivable Inventories Total current assets Assets Net property, plant, and equipment Total long-term assets Long-Term Total Assets Liabilities and Stockholders' Equity Current Liabilities 23.2 20.5 Accounts payable 18.5 13.2 15.3 14.3 57.0 48.0 2019 2018 113.1 80.9 113.1 80.9 170.1 128.9 Notes payable/short-term debt Total current liabilities Long-Term Liabilities Long-term debt Total long-term liabilities Total Liabilities Stockholders' Equity Common stock and paid-in surplus Retained earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 2019 2018 29.2 26.5 5.5 3.2 34.7 29.7 113.2 78.0 113.2 78.0 147.9 107.7 8.0 14.2 22.2 170.1 8.0 13.2 21.2 128.9
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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