18 of 20 (8 complete) Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in S millions) 2006 2006 2005 Assets Current Assets Cash 61 88.5 73.5 Accounts receivable 56.7 Liabilities and 2005 Stockholders' Equity Current Liabilities 58.5 Accounts payable Notes payable/ 39.6 short-term debt Current maturities of 42.9 long-term debt 3.0 Other current liabilities 1440 Total current liabilities 10.5 9.6 Inventories 44.4 Other current assets 5.1 Total current assets 167.2 40.4 6.0 145.4 36.9 120 132.0 O A. 1.72 OB. 23 O C. 0.57 OD. 1.15 Click to select your answer Type here to search RI 236.7 Long - Term Liabilities Long-term debt Capital lease obligations 65.8 108.5 120.6 168.9 62.1 91.5 99.6 Long - Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long-term assets (55.1) (52.5) Deferred taxes 22.8 22.2 239.8 60.0 63.0 362.8 200.7 Other long-term liabilities Total long-term liabilities 259.5 42.0 Total liabilities 404.9 242.7 Stockholders' Equity 125.1 191.1 323.1 63.6 Tataliabilitine and O A. 1.72 OB. 2.3 OC. 0.57 OD. 1.15 Click to select your answer. m 120.6 99.6 (55.1) (52.5) Deferred taxes 22.8 22.2 Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long-term assets -- 239.8 200.7 Other long-term liabilities 60.0 Total long-term liabilities 259.5 63.0 42.0 Total liabilities 404.9 362.8 242.7 Stockholders' Equity 125.1 191.1 323.1 63.6 Total Assets 530 Total liabilities and 386.7 Stockholders' Equity 530 386.7 Refer to the balance sheet above. Luther's current ratio for 2006 is closest to: O A. 1.72 OB. 2.3 OC. 0.57 OD. 1.15 Click to select your answer Type here to search