eCampus: Faculty Hub x |Gradebook * Question 8 - Wk 4 - Practice: Wk X + X Other bookmarks Reading list Wk 4 - Practice: Wk 4 Practice Questions [due Day 5] Saved Help Save & Exit Submit Check my work 8 Here is a simplified balance sheet for Locust Farming: Locust Farming 1 Balance Sheet points ($ in millions) Current assets $ 42, 539 Current liabilities $ 29,740 Long-term assets 46, 862 Long-term debt 27,767 Other liabilities 14, 347 Equity 17,547 Book Total $ 89, 401 Total $ 89, 401 Hint Locust has 660 million shares outstanding with a market price of $98 a share. a. Calculate the company's market value added. (Enter your answers in millions.) Print Market value million References Market value added million b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) Market-to-book ratio c. How much value as the company created for its shareholders as a percent of shareholders' equity, that is, the net capital contributed to the firm by its shareholders? (Enter your answer as a percentage rounded to the nearest whole number.) Increase in value of equity |% Mc