Calculate the market-to-book ratio

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Reference no: EM131958231

Here is a simplified balance sheet for Locust Farming: Locust FarmingBalance Sheet($ in millions)Current assets$42,535 Current liabilities$29,744 Long-term assets 46,854 Long-term debt 27,763 Other liabilities 14,339 Equity 17,543 Total$89,389 Total$89,389 Locust has 656 million shares outstanding with a market price of $94 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.)

Reference no: EM131958231

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