Question: Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,532 Current liabilities 46,848

Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,532 Current

Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,532 Current liabilities 46,848 Long-term debt Other liabilities Equity $ 89,380 Total $ 29,747 27,760 14,333 17,540 $ 89,380 Total Locust has 665 million shares outstanding with a market price of $91 a share. a. Calculate the company's market value added. (Enter your answers in millions.) million Market value Market value added million b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) Market value million 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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