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Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet ($ in millions) Current assets $ 42,542 Current liabilities $ 29,737 Long-term

Here is a simplified 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 added. (Enter your answers in millions.)

b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.)

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.)

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