Question: Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,531 Current liabilities 46,846

Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,531 Current liabilities 46,846 Long-term debt Other liabilities Equity $ 89,377 Total $ 29,748 27,759 14,331 17,539 $ 89,377 Total Locust has 664 million shares outstanding with a market price of $90 a share. a. Calculate the company's market value added. (Enter your answers in millions.) Market value Market value added million million ces b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) Market-to-book ratio

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