Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet ($ in millions) $ 42,537 46,858 Current assets Long-term assets Total Market value Market value added $ 89,395 Locust has 658 million shares outstanding with a market price of $96 a share. a. Calculate the company's market value added. (Enter your answers in millions.) Market-to-book ratio Current liabilities Long-term debt Other liabilities Equity Total million million $ 29,742 27,765 14,343 17,545 $ 89,395 b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) 459

Here is a simplified balance sheet for Locust Farming: Locust has 658 million shares outstanding with a market price of $96 a share. a. Calculate the company's 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 has the company created for its shareholders as a percent of the investment of the equity holders