Locust Farming Balance Sheet ($ in millions) Current assets $ 42,544 Current liabilities $ 29,735 Long-term assets 46,872 Long-term debt 27,772 Other liabilities 14,357 Equity 17,552 Total $ 89,416 Total $ 89,416

Locust has 665 million shares outstanding with a market price of $103 a share.

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

(Enter your answers in millions.)

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

c. How much value as the company created for its shareholders as a percent of shareholders' equity, that is, the net capital contributed to the firm by its shareholders? (Enter your answer as a percentage rounded to the nearest whole number.)