Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer this question Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $

please answer this question image text in transcribed
image text in transcribed
Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,527 Current liabilities 46,838 Long-term debt Other liabilities Equity $ 89,365 Total $ 29,752 27,755 14,323 17,535 $ 89,365 Total Locust has 660 million shares outstanding with a market price of $86 a share. a. Calculate the company's market value added. (Enter your answers in millions.) Market value million million Market value added b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) Market-to-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 the firm by its shareholders? (Enter your answer as a percentage rounded to the nearest whole number.) Increase in value of equity 9

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Options Trading QuickStart Guide The Simplified Beginners Guide To Options Trading

Authors: Clydebank Finance

2nd Edition

1945051051, 978-1945051050

More Books

Students also viewed these Finance questions

Question

1. What are the peculiarities of viruses ?

Answered: 1 week ago

Question

Describe the menstrual cycle in a woman.

Answered: 1 week ago