2005 73,5 9.6 36.9 120 132.0 Liabilities and Assets 2006 2005 Stockholders' Equity 2006 Current Assets Current Liabilities Cash 51.2 58.5 Accounts payable 87.4 Notes payable ! Accounts receivable 56.9 39.6 short-term debt 10.7 Current maturities of Inventories 46.2 42.9 long-term debt 40.2 Other current assets 5.2 3.0 Other current liabilities 6.0 Total current assets 159.5 144.0 Total current liabilities 144.3 Long-Term Assets Long-Term Liabilities Land 65.3 62.1 Long-term debt 220.4 Buildings 108.3 91.5 Capital lease obligations Equipment 114.4 99.6 Less accumulated depreciation (56.1) (52.5) Deferred taxes 22.8 Net property, plant, and equipment 2319 200.7 Other long-term liabilities Goodwill 60.0 Total long-term liabilities 243.2 Other long-term assets 63.0 42.0 Total liabilities 387.5 Total long-term assets 354.9 242.7 Stockholders' Equity 126.9 168,9 222 191.1 323.1 63.8 ---- (56.1) (525) Deferred taxes 228 222 Less accumulated depreciation Not property, plant, and equipment Goodwill Other long-term assets Total long-term assets 60.0 231.9 2007 Other long-term liabilities Total long-term liabilitos 63.0 420 Total liabilities 3549 242.7 Stocicholders' Equity 2432 3875 126.9 191.1 323.1 636 Total liabilities and Total Assets 5144 386.7 Stockholders' Equity 5144 306.7 Refer to the balance sheet above. I in 2008 Luther has 102 million shares outstanding and the shares are trading at $16 per share, then Luther's market-to-book ratio would be dosest to A 2.57 B. 0.64 OC 1.29 OD 1.8