Here is a simplified balance sheet for Locust Farming:

Locust Farming
Balance Sheet
($ in millions)
Current assets	$ 42,534	Current liabilities	$ 29,745
Long-term assets	46,852	Long-term debt	27,762
		Other liabilities	14,337
		Equity	17,542
Total	$ 89,386	Total	$ 89,386

Locust has 667 million shares outstanding with a market price of $93 a share.

Calculate the companys market value added.

Calculate the market-to-book ratio.

How much value has the company created for its shareholders as a percent of shareholders equity, that is, as a percent of the net capital contributed by shareholders?