Question: Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,539 Current liabilities 46,862

Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,539 Current liabilities 46,862 Long-term debt Other liabilities Equity $ 89,401 Total $ 29,740 27,767 14,347 17,547 $ 89,401 Total Locust has 660 million shares outstanding with a market price of $98 a share. a. Calculate the company's market value added. (Enter your answers in millions.) Market value million million Market value added b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) T Markel-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 as a percentage rounded to the nearest whole number.) increase in value of equity

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