2006 Assets Current Assets Cash 62.2 Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in 9 millions) Liabilities and 2005 Stockholders' Equity 2006 2005 Current Liabilities 58,5 Accounts payable 85.4 73.5 Notes payable/ 39.6 short-term debt 9.1 9.6 Current maturities of 42.9 long-term debt 38.7 36.9 3.0 Other current liabilities 6.0 12.0 144.0 Total current liabilities 139.2 1320 Accounts receivable 56.2 Inventories 45.1 Other current assets 4.9 Total current assets 168.4 2372 Long-Term Liabilities Long-term debt Capital lease obligations 66 106.7 119.2 168.9 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 (57.8) (52.5) Deferred taxes 22.8 22.2 234.1 60.0 63.0 357.1 200.7 Other long-term liabilities Total long-term liabilities 42.0 Total liabilities 242.7 Stockholders' Equity 260 399,2 126.3 191.1 323.1 63.6 (57.8) (52.5) Deferred taxes 22.8 222 Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long-term assets 2341 60.0 63.0 357.1 200.7 Other long-term liabilities Total long-term liabilities 42.0 Total liabilities 242.7 Stockholders' Equity 260 399,2 126.3 191.1 323.1 63.6 Total liabilities and Total Assets 526,5 386.7 Stockholders' Equity 525.5 386.7 Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then Luther's market-to-book ratio would be closest to: A. 2.58 B. 0.65 C. 1.29 D. 1.81