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Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet is in millions) $ 42,525 Current liabilities 46,834

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Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet is in millions) $ 42,525 Current liabilities 46,834 Long-term debt Other liabilities Equity $89,359 Total $ 29, 754 27,753 14,319 17,533 $ 89,359 Total Locust has 658 million shares outstanding with a market price of $84 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

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