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

$ 1.1 million from 2015 to 2016.

(Round to one decimal place.)

Does this imply that the market price of Global's shares increased in 2016?
Explain.  (Select all the choices that apply.)

A.
An increase in book value necessarily indicates an increase in Global's share price. The book
value of the equity does not go up unless the share price goes up.

B.
The market value of a stock does not depend on the historical cost of the firm's assets, but
on investors' expectation of the firm's future performance.
Your answer is correct.

C.
There are many events that may affect Global's future profitability, and hence its
share price, that do not show up on the balance sheet.
Your answer is correct.

D.
An increase in book value does not necessarily indicate an increase in Global's share
price.

In December 2015, General Electric (GE) had a book value of equity of $97.1 billion, 9.4
billion shares outstanding, and a market price of $32.07 per share. GE also had cash of $101.4
billion, and total debt of $201.3 billion.

a. What was GE's market capitalization? What was GE's market-to-book ratio?
b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio?
c. What was GE's enterprise value?

a. What was GE's market capitalization?

GE's market capitalization was

$ 301.5 billion.  (Round to one decimal place.)

What was GE's market-to-book ratio?

GE's market-to-book ratio was

3.11
(Round to two decimal places.)
b. What was GE's book debt-equity ratio?
GE's book debt-equity ratio was

2.07
(Round to two decimal places.)
What was GE's market debt-equity ratio?
GE's market debt-equity ratio was

. 67
(Round to two decimal places.)
c. What was GE's enterprise value?
GE's enterprise value was

$ 401.4 billion.  (Round to one decimal place.)