Use the table below for questions 1-6.

Luther Corporation

Consolidated Balance Sheet

December 31, 20 13 and 20 12 (in $ millions)

Assets	2013	2012		Liabilities and Stockholders' Equity	2013	2012
Current Assets				Current Liabilities
Cash	63.6	58.5		Accounts payable	87.6	73.5
Accounts receivable	55.5	39.6		Notes payable / short-term debt	10.5	9.6
Inventories	45.9	42.9		Current maturities of long-term debt	39.9	36.9
Other current assets	6.0	3.0		Other current liabilities	6.0	12.0
Total current assets	171.0	144.0		Total current liabilities	144.0	132.0
Long-Term Assets				Long-Term Liabilities
Land	66.6	62.1		Long-term debt	239.7	168.9
Buildings	109.5	91.5		Capital lease obligations	---	---
Equipment	119.1	99.6		Total Debt	239.7	168.9
Less accumulated depreciation	(56.1)	(52.5)		Deferred taxes	22.8	22.2
Net property, plant, and equipment	239.1	200.7		Other long-term liabilities	---	---
Goodwill	60.0	--		Total long-term liabilities	262.5	191.1
Other long-term assets	63.0	42.0		Total liabilities	406.5	323.1
Total long-term assets	362.1	242.7		Stockholders' Equity	126.6	63.6
Total Assets	533.1	386.7		Total liabilities and Stockholders' Equity	533.1	386.7

1. What is Luther's net working capital in 2013?
2. If in 2013 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what would be Luther's market-to-book ratio?
3. Using the book value of equity, what is the debt-equity ratio for Luther in 2013?
4. If in 2013 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what is Luther's enterprise value?
5. What is Luther's current ratio for 2013?
6. What is Luther's quick ratio for 2013?

Use the table below for questions 7-11.

Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions)
	2013	2012
Total sales	610.1	578.3
Cost of sales	(500.2)	(481.9)
Gross profit	109.9	96.4
Selling, general, and administrative expenses	(40.5)	(39.0)
Research and development	(24.6)	(22.8)
Depreciation and amortization	(3.6)	(3.3)
Operating income	41.2	31.3
Other income	---	---
Earnings before interest and taxes (EBIT)	41.2	31.3
Interest income (expense)	(25.1)	(15.8)
Pre-tax income	16.1	15.5
Taxes	(5.5)	(5.3)
Net income	10.6	10.2
Price per share	$16	$15
Shares outstanding (millions)	10.2	8.0
Stock options outstanding (millions)	0.3	0.2
Stockholders' Equity	126.6	63.6
Total Liabilities and Stockholders' Equity	533.1	386.7

7. What is Luther's Net Profit Margin for the year ending December 31, 2013?

8. What is Luther's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year ending December 31, 2013?

9. What is Luther's return on equity (ROE) for the year ending December 31, 2013?

10. What is Luther's return on assets (ROA) for the year ending December 31, 2013?

11. What is Luther's price - earnings ratio (P/E) for the year ending December 31, 2013?