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Question - Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet ($ in millions)
Current assets $42,539
Current liabilities $29,740
Long-term assets 46,862
Long-term debt 27,767
Other liabilities 14,347
Equity 17,547
Total $89,401 Total $89,401
Locust has 660 million shares outstanding with a market price of $98 a share.
Required -
a. Calculate the company's market value added.
b. Calculate the 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?
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