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Homework: Chapter 2 Homework Save Score: 0 of 1 pt 3 of 12 (9 complete) HW Score: 71.53%, 8.58 of 12 pts P 2-5 (similar to) Question Help What was the change in Global's book value of equity from 2015 to 2016 according to Table 2.1 ? Does this imply that the market price of Global's shares increased in 2016? Explain. What was the change in Global's book value of equity from 2015 to 2016? Global's book value of equity changed by $ million from 2015 to 2016. (Round to one decimal place.) i Data Table 2016 2015 Cash Global Corporation Balance Sheet for 2016 and 2015 ($ millions) Assets 2016 2015 Liabilities and Stockholders' Equity Current Assets Current Liabilities 23.8 21.1 Accounts payable Accounts receivable 19.4 12.2 Notes payable/short-term debt Inventories 15.1 14.9 Total current liabilities Total current assets 58.3 48.2 Long-Term Liabilities Long-Term Assets Long-term debt Net property, plant, and equipment 113.3 80.4 Total long-term liabilities Total long-term assets 113.3 80.4 Total Liabilities 30.1 5.4 35.5 26.7 2.9 29.6 113.5 113.5 149.0 78.0 78.0 107.6 Stockholders' Equity Common stock and paid-in surplus Retained earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 7.2 15.4 22.6 171.6 7.2 13.8 21.0 128.6 Total Assets 171.6 128.6 Print Done

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