Here is a simplified balance sheet for Locust Farming:

Locust FarmingBalance Sheet($ in millions)Current assets$42,542Current liabilities$29,737Long-term assets46,868Long-term debt27,770Other liabilities14,353Equity17,550Total$89,410Total$89,410

Locust has 663 million shares outstanding with a market price of $101 a share.

a.Calculate the company's market value added.(Enter your answers in millions.)

Market Value?

Market value added?

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

Market to book ratio?

c.How much value has the company created for its shareholders as a percent of the investment of the equity holders?

Increase of value in equity?