What was the change in Global Conglomerate’s book value of equity from 2021 to 2022 according to Table 2.1? Does this imply that the market price of Global’s shares increased in 2022? Explain.

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TABLE 2.1 Global Conglomerate Corporation Balance Sheet GLOBAL CONGLOMERATE CORPORATION Consolidated Balance Sheet Year Ended December 31 (in $ million) Assets 2022 2021 Liabilities and Stockholders' Equity 2022 2021 Current Assets Current Liabilities Cash 21.2 19.5 Accounts payable 29.2 24.5 Accounts receivable 18.5 13.2 Notes payable/short-term debt 3.5 3.2 Inventories 15.3 14.3 Current maturities of long-term debt 13.3 12.3 Other current assets 2.0 1.0 Other current liabilities 2.0 4.0 Total current assets 57.0 48.0 Total current liabilities 48.0 44.0 Long-Term Assets Long-Term Liabilities Land 22.2 20.7 Long-term debt 99.9 76.3 Buildings 36.5 30.5 Lease obligations Equipment 39.7 33.2 Total debt Less accumulated depreciation (18.7) (17.5) Deferred taxes 99.9 76.3 7.6 7.4 Net property, plant, and equipment 79.7 66.9 Other long-term liabilities Goodwill and intangible assets 20.0 20.0 Total long-term liabilities 107.5 83.7 Other long-term assets 21.0 14.0 Total Liabilities 155.5 127.7 Total long-term assets 120.7 100.9 Stockholders' Equity 22.2 21.2 Total Liabilities Total Assets 177.7 148.9 and Stockholders' Equity 177.7 148.9