Here is a simplied balance sheet for Locust Farming:

Locust Farming Balance Sheet ($ in millions) Current assets $ 42,542 Current liabilities $ 29,737 Long-term assets 46,868 Long-term debt 27,770 Other liabilities 14,353 Equity 17,550 Total $ 89,410 Total $ 89,410 Locust has 663 million shares outstanding with a market price of $101 a share.

a. Calculate the companys market value and market value added. (show your answer 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?