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Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet ($ in millions) Current assets Long-term assets Total $ 42,532 Current
Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet ($ in millions) Current assets Long-term assets Total $ 42,532 Current liabilities 46, 848 Long-term debt Other liabilities Equity $ 89,380 Total $ 29, 747 27,760 14, 333 17,540 $ 89,380 Locust has 665 million shares outstanding with a market price of $91 a share. a. Calculate the company's market value added. b. Calculate the market-to-book ratio. c. How much value has the company created for its shareholders as a percent of shareholders' equity, that is, as a percent of net capital contributed by shareholders? Complete this question by entering your answers in the tabs below. Required A Required B Required C 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? Note: Enter your answer as a percentage rounded to the nearest whole number. Increase in value of equity %
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