Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet ($ in millions) Current
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Question:
Here is a simplified balance sheet for Locust Farming:
Locust Farming | |||||||
Balance Sheet | |||||||
($ in millions) | |||||||
Current assets | $ | 42,540 | Current liabilities | $ | 29,739 | ||
Long-term assets | 46,864 | Long-term debt | 27,768 | ||||
Other liabilities | 14,349 | ||||||
Equity | 17,548 | ||||||
Total | $ | 89,404 | Total | $ | 89,404 | ||
Locust has 661 million shares outstanding with a market price of $99 a share.
a. Calculate the company’s market value-added. (Enter your answers in millions.)
b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.)
c. How much value has the company created for its shareholders as a percent of the investment of the equity holders?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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