Question: Problem 4-1 Market Value Added (L01) Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet (5 in

Problem 4-1 Market Value Added (L01) Here is a simplified balance

Problem 4-1 Market Value Added (L01) Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet (5 in millions) $ 42,543 Current liabilities 46,870 Long-term debt Other liabilities Equity $ 89,413 Total $ 29,736 27,771 14,355 17.551 $ 89,413 Total Locust has 664 million shares outstanding with a market price of $102 a share. a. Calculate the company's market value added. (Enter your answers in millions.) Market value Market value added million 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 os o percentage rounded to the nearest whole number.) Increase in value of equity

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