Here is a simplified balance sheet for Locust Farming:

Locust Farming
Balance Sheet
($ in millions)
Current assets	$	42,540		Current liabilities	$	29,739
Long-term assets		46,864		Long-term debt		27,768
				Other liabilities		14,349
				Equity		17,548
Total	$	89,404		Total	$	89,404

Locust has 661 million shares outstanding with a market price of $99 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?