Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2006 2005 Assets Current Assets Cash 59.6 73.5 Accounts receivable 54.1 Liabilities and 2005 Stockholders' Equity 2006 Current Liabilities 58.5 Accounts payable 87.7 Notes payable
2006 2005 Assets Current Assets Cash 59.6 73.5 Accounts receivable 54.1 Liabilities and 2005 Stockholders' Equity 2006 Current Liabilities 58.5 Accounts payable 87.7 Notes payable / 39.6 short-term debt 9.1 Current maturities of 42.9 long-term debt 39.9 3.0 Other current liabilities 6.0 144.0 Total current liabilities 142.7 9.6 Inventories Other current assets Total current assets 44.5 5.5 36.9 12.0 132.0 163.7 Long-Term Assets Long-Term Liabilities to dat 1 - 400 O A. $21.00 million OB. $306.40 million O C. $42.00 million OD. $10.50 million 229.4 Long-Term Liabilities Long-term debt Capital lease obligations 64.8 106.8 118.7 168.9 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 (55.3) (52.5) Deferred taxes 22.8 22.2 235 60.0 63.0 358 200.7 Other long-term liabilities Total long-term liabilities 252.2 42.0 Total liabilities 394.9 242.7 Stockholders' Equity 126.8 191.1 323.1 63.6 Total liabilities and O A. $21.00 million O B. $306.40 million O C. $42.00 million OD. $10.50 million O 118.7 99.6 (55.3) (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 235 60.0 63.0 358 200.7 Other long-term liabilities Total long-term liabilities 42.0 Total liabilities 242.7 Stockholders' Equity 252.2 394.9 126.8 191.1 323.1 63.6 Total liabilities and 386.7 Stockholders' Equity Total Assets 521.7 521.7 386.7 Refer to the balance sheet above. What is Luther's net working capital in 2006? O A. $21.00 million OB. $306.40 million O C. $42.00 million OD. $10.50 million
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started