Homework answers / question archive / Here is a simplified balance sheet for Locust Farming: Locust FarmingBalance Sheet ($ in millions) Current assets $42,526  Current liabilities $29,753  Long-term assets  46,836  Long-term debt  27,754      Other liabilities  14,321      Equity  17,534  Total $89,362  Total $89,362  Locust has 659 million shares outstanding with a market price of $85 a share

Here is a simplified balance sheet for Locust Farming: Locust FarmingBalance Sheet ($ in millions) Current assets $42,526  Current liabilities $29,753  Long-term assets  46,836  Long-term debt  27,754      Other liabilities  14,321      Equity  17,534  Total $89,362  Total $89,362  Locust has 659 million shares outstanding with a market price of $85 a share

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Here is a simplified balance sheet for Locust Farming:

Locust FarmingBalance Sheet

($ in millions)

Current assets $42,526  Current liabilities $29,753 

Long-term assets  46,836  Long-term debt  27,754     

Other liabilities  14,321     

Equity  17,534 

Total $89,362  Total $89,362 

Locust has 659 million shares outstanding with a market price of $85 a share.

a) Calculate the company's market value added. (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.)