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Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet ( $ in millions ) Current assets $ 4 2 , 5

Here is a simplified balance sheet for Locust Farming:
Locust Farming
Balance Sheet
($ in millions)
Current assets $ 42,526 Current liabilities $ 29,753
Long-term assets 46,836 Long-term debt 27,754
Other liabilities 14,321
Equity 17,534
Total $ 89,362 Total $ 89,362
Locust has 659 million shares outstanding with a market price of $85 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?

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