Question: Here is a simplified balance sheet for Locust Farming Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,538 Current liabilities 46,860

Here is a simplified balance sheet for Locust Farming Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,538 Current liabilities 46,860 Long-term debt Other liabilities Equity $ 89,398 Total $ 29,741 27,766 14,345 17,546 $ 89,398 Book Total Hint Print ferences Locust has 659 million shares outstanding with a market price of $97 a share. a. Calculate the company's market value added. (Enter your answers in millions.) million million Market value Market value added b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) Next > 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

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