Question: Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet (5 in Lions) $ 42,524 Current liabilities 46,832

Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet (5 in Lions) $ 42,524 Current liabilities 46,832 Long-term debt Other liabilities Equity $ 89,356 Total $29,755 27,752 14,317 17 532 $ 89,356 Total Locust has 657 million shares outstanding with a market price of $83 a share. a. Calculate the company's market value added. (Enter your answers in millions.) Market value Market value added b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) Market-to-book ratio c. How much value has the company created for its shareholders as a percent of the investment of the equity holders? Increase in value of equity

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