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Problem 4-1 Market Value Added (LO1) Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in

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Problem 4-1 Market Value Added (LO1) Here is a simplified balance sheet for Locust Farming: Current assets Long-term assets Locust Farming Balance Sheet ($ in millions) $ 42,528 Current liabilities 46,840 Long-term debt Other liabilities Equity $ 89,368 Total $29,751 27,756 14,325 17,536 $ 89,368 Total Locust has 661 million shares outstanding with a market price of $87 a share. a. Calculate the company's market value added. (Enter your answers in millions.)

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