Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet (s in millions) 42,526 Current liabilities 29,753 27,754 14,321 17,534 Current assets
Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet (s in millions) 42,526 Current liabilities 29,753 27,754 14,321 17,534 Current assets Long-term assets 46,836 Long-term debt Other liabilities Equity Total $89,362 Total $ 89,362 Locust has 659 million shares outstanding with a market price of $85 a share. a. Calculate the company's market value added. (Enter your answers In millions.) Market value million Market value added million 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? Increase in value of equity
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started