Locust has 657 million shares outstanding with a market price of $83 a share.

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

Increase in value of equity ____%

Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,524 Current liabilities 46,832 Long-term debt Other liabilities Equity $ 89,356 Total $ 29,755 27,752 14, 317 17,532 $ 89,356 Total