Question
Assets 2006 2005 Liabilities and Stockholders' Equity 2006 2005 Current Assets Current Liabilities Cash 65.2 58.5 Accounts payable 84.9 73.5 Accounts receivable 56 39.6 Notes
Assets | 2006 | 2005 | Liabilities and Stockholders' Equity | 2006 | 2005 |
Current Assets | Current Liabilities | ||||
Cash | 65.2 | 58.5 | Accounts payable | 84.9 | 73.5 |
Accounts receivable | 56 | 39.6 | Notes payable / shortminusterm debt | 10.4 | 9.6 |
Inventories | 46.7 | 42.9 | Current maturities of longminusterm debt | 38.1 | 36.9 |
Other current assets | 5.7 | 3.0 | Other current liabilities | 6.0 | 12.0 |
Total current assets | 173.6 | 144.0 | Total current liabilities | 139.4 | 132.0 |
LongminusTerm Assets | LongminusTerm Liabilities | ||||
Land | 66 | 62.1 | Longminusterm debt | 243.7 | 168.9 |
Buildings | 107.4 | 91.5 | Capital lease obligations | ||
Equipment | 120.1 | 99.6 | |||
Less accumulated depreciation | (57.5) | (52.5) | Deferred taxes | 22.8 | 22.2 |
Net property, plant, and equipment | 236 | 200.7 | Other longminusterm liabilities | minusminusminus | minusminusminus |
Goodwill | 60.0 | minusminus | Total longminusterm liabilities | 266.5 | 191.1 |
Other longminusterm assets | 63.0 | 42.0 | Total liabilities | 405.9 | 323.1 |
Total longminusterm assets | 359 | 242.7 | Stockholders' Equity | 126.7 | 63.6 |
Total Assets | 532.6 | 386.7 | Total liabilities and Stockholders' Equity | 532.6 | 386.7 |
Refer to the balance sheet above. Luther's current ratio for 2006 is closest to:
A.
1.871.87
B.
2.492.49
C.
0.620.62
D.
1.25
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