What was the change in Global’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.

TABLE 2.1

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Liabilities and Stockholders' Assets 2022 2021 Equity 2022 2021 Cument Assets Current Listin Cash 23.2 20.5 Accounts payable 29.2 26.5 Accounts receivable 18.5 13.2 Notes payable/short-term debt 5.5 12 Inventories 15.3 14.3 Total current assets 57.0 48.0 Total current liabilities 34.7 29.7 Long-Term Assets Long-Term Liabilities Net property, plant, and 113.1 80.9 Long-term debt 113.2 78.0 equipment Total long-term assets 113.1 80.9 Total long-term liabilities 113.2 78.0 Total Liabilities 147.9 107.7 Stockholden' Equity Common stock and paid-in surplus 8.0 8.0 Retained eamings 142 13.2 Total Stockholders' Equity 22.2 21.2 Total As 170.1 128.9 Total Liabilities and 170.1 128.9 Stockholders' Equity