3. (5pt) Consider the following financial information: Luther Corporation Consolidated Balance Sheet (December 31, 2009 and 2008 (in $ millions) 2009 2008 Assets Current Assets Cash 63.658.5 Liabilities and Stockholders' Equity 2009 2008 Current Liabilities Accounts payable 87.6 73.5 Notes payable/ short-term debt 10.5 9.6 Current maturities of long-term debt 39.936,9 Other current liabilities 6.0 12.0 Total current liabilities 144.0 132.0 Accounts receivable 55.5 39.6 Inventories 45.9 42.9 Other current assets 6,0 3.0 Total current assets 1171.0 144.0 Long-Term Assets Land 239.7 168.9 66.6 62.1 109.5 91.5 119.1 99,6 Long-Term Liabilities Long-term debt Capital lease obligations Total Debt 239.7 168.9 (56.1) (52.5 Deferred taxes 22.8 22.2 Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long-term assets 239.1 200.7 other long-term liabilities 60.0 Total long-term liabilities 262.5 63.0 42.0 Total liabilities 406.5 323.1 362.1242.7 Stockholders' Equity 126.6 63.6 Total liabilities and Stockholders' Equity Total Assets $33.1 386.7 $33.1 386.7 Luther Corporation Income Statement (Year ended December 31 (in S millions) Total sales Cost of sales Gross profit SG&A expenses Research and development Depreciation and amortization Operating income Earnings before interest and taxes (EBIT) Interest income (expense) Pre-tax income Taxes Net income Dividends Paid Price per Share Shares outstanding (millions) Stock options outstanding (millions) Stockholders' Equity Total Liabilities and Stockholders' Equity 2009 610.1 (500.2) 109.9 (40.5) (24.6) (3.6) 41.2 41.2 (25.1) 16.1 (5.5) 10.6 5.1 $16 10.2 0.3 126.6 533.1 2008 578.3 (481.9) 96.4 (39.0) (22.8) ) (3.3) 31.3 31.3 (15.8) 15.5 (5.3) 10.2 5.0 SIS 8.0 0.2 63.6 386.7 For the year ending December 31, 2019 Stevens' cash flow from operating activities is (Make sure you write your calculations to get full credit)