What was the change in Global's book value of equity from 2017 to 2018 according to...
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What was the change in Global's book value of equity from 2017 to 2018 according to the Global Corporation Balance Sheet? Does this imply that the market price of Global's shares increased in 2018? Explain. Click the icon to view the Global Corporation Balance Sheet. What was the change in Global's book value of equity from 2017 to 2018 according to the table? Global's book value of equity increased by $ million from 2017 to 2018. (Round to one decimal place.) Global Corporation Balance Sheet Global Corporation Balance Sheet for 2018 and 2017 ($ millions) Assets 2018 2017 Liabilities and Shareholders' Equity 2018 2017 Current Assets Current Liabilities Cash 24.1 21.1 Accounts payable 29.1 26.3 Accounts receivable 18.9 12.5 Notes payable/short-term debt 6.5 3.7 Inventories 14.6 14.2 Total current assets 57.6 47.8 Total current liabilities 35.6 30.0 Long-Term Assets Long-Term Liabilities Net property, plant, and 113.4 81.9 Long-term debt 114.0 79.6 equipment Total long-term assets 113.4 81.9 Total long-term liabilities 114.0 79.6 Total Liabilities 149.6 109.6 Shareholders' Equity Common stock and paid-in surplus 7.7 7.7 Retained earnings 13.7 12.4 Total Shareholders' Equity 21.4 20.1 Total Assets 171.0 129.7 Total Liabilities and 171.0 129.7 Shareholders' Equity Print Done C swer What was the change in Global's book value of equity from 2017 to 2018 according to the Global Corporation Balance Sheet? Does this imply that the market price of Global's shares increased in 2018? Explain. Click the icon to view the Global Corporation Balance Sheet. What was the change in Global's book value of equity from 2017 to 2018 according to the table? Global's book value of equity increased by $ million from 2017 to 2018. (Round to one decimal place.) Global Corporation Balance Sheet Global Corporation Balance Sheet for 2018 and 2017 ($ millions) Assets 2018 2017 Liabilities and Shareholders' Equity 2018 2017 Current Assets Current Liabilities Cash 24.1 21.1 Accounts payable 29.1 26.3 Accounts receivable 18.9 12.5 Notes payable/short-term debt 6.5 3.7 Inventories 14.6 14.2 Total current assets 57.6 47.8 Total current liabilities 35.6 30.0 Long-Term Assets Long-Term Liabilities Net property, plant, and 113.4 81.9 Long-term debt 114.0 79.6 equipment Total long-term assets 113.4 81.9 Total long-term liabilities 114.0 79.6 Total Liabilities 149.6 109.6 Shareholders' Equity Common stock and paid-in surplus 7.7 7.7 Retained earnings 13.7 12.4 Total Shareholders' Equity 21.4 20.1 Total Assets 171.0 129.7 Total Liabilities and 171.0 129.7 Shareholders' Equity Print Done C swer
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