3. (pt) Consider the following financial information: Luther Corporation Consolidated Balance Sheet (December 31, 2009 and 2008 (in $ millions) 2009 2008 Assets Current Assets Cash 2009 2008 63.6 58.5 87.6 73.5 Accounts receivable Liabilities and Stockholders' Equity Current Liabilities Accounts payable Notes payable short-term debt Current maturities of long-term debt Other current liabilities Total current liabilities 55.5 39.6 10.3 9.6 Inventories Other current assets Total current assets 45.9 6.0 171.0 42.9 3.0 144.0 39.9 6.0 144.0 36.9 12.0 132.0 239.7 Long-Term Liabilities Long-term debt Capital lease obligations Total Debt 66.6 109.5 119.1 168.9 62.1 91.5 99.6 w 239.7 168.9 Long-Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long-term assets (56.1) (52.5) Deferred taxes 22.8 22.2 200.7 239.1 60.0 63.0 362.1 Other long-term liabilities Total long-term liabilities Total liabilities Stockholders' Equity 42.0 242.7 262.5 406.5 126.6 323.1 63.6 Total Assets 533.1 386.7 Total liabilities and Stockholders' Equity 533.1 386.7 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 Earings before interest and taxes (EBIT) Interest income (expense) Pre-tax income Taxes Net income 2009 610.1 (500.2) 109.9 (40.5) (246) (3.6) 412 412 (25.1) 16.1 (5.5) 10.6 2008 5783 (481.9) 96.4 (39.0) (22.8) (3.3) 31.3 313 (15.8) 15.5 (53) 102 Divideods Paid Price per Share Shares outstanding (millions) Stock options outstanding (as) Stockholders' Equity Total Liabilities and Stockholders' Equity 3.1 516 10.2 0.3 1266 333.1 5.0 $15 3.0 0.2 63.6 3863 For the year ending December 31, 2019 Stevens' cash flow from operating activities is (Make sure you write your calculations to get full credit)