Question: Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,525 Current liabilities 46,834

Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,525 Current liabilities 46,834 Long-term debt Other liabilities Equity $ 89, 359 Total $ 29,754 27,753 14,319 17,533 $ 89,359 Total Locust has 658 million shares outstanding with a market price of $84 a share. a. Calculate the company's market value added. (Enter your answers in millions.) $ Market value Market value added 55,272 million 37,739 million GA b. Calculate the market-to-book ratio (Round your answer to 2 decimal places.) Market to book ratio 3.15 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) Inove of equity

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