Homework 2 Here is a simplified balance sheet for Locust Farming: 7 Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $42,540 Current liabilities 46,864 Long-term debt Other liabilities Equity $ 89,404 Total 10 points $ 29,739 27,768 14,349 17,548 $ 89,404 Total Skipped eBook 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.) References Market value Market value added million million b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) Market-to-book ratio 1 Market Market value added milion million 10 b. Calculate the market to book ratio, (Round your answer to 2 decimal places.) Manetto book ratio c. How much value as the company created for its shareholders as a percent of shareholders' equity, that is the net capital contributed to them by its shareholders? (Enter your answer as a percentage rounded to the nearest whole number) ME GE Mill