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Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet (s in millions) $ 42,540 Current liabilities 46,864

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Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet (s in millions) $ 42,540 Current liabilities 46,864 Long-term debt Other liabilities Equity $ 89, 404 Total $ 29,739 27,768 14,349 17,548 $ 89,404 Total 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.) Market value million million Market value added b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) Market-to-book ratio Prey. 1 of 9 !! 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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