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Assets 2012 2011 Current Assets Cash Liabilities and Stockholders' Equity Current Liabilities 2012 2011 63.6 58.5 Accounts payable 87.6 73.5 Notes payable/ Accounts receivable 55.5

Assets 2012 2011 Current Assets Cash Liabilities and Stockholders' Equity Current Liabilities 2012 2011 63.6 58.5 Accounts payable 87.6 73.5 Notes payable/ Accounts receivable 55.5 39.6 short-term debt 10.5 9.6 Current maturities of Inventories 45.9 42.9 long-term debt 39.9 36.9 Other current assets 6.0 3.0 Other current liabilities 6.0 12.0 Total current Total current assets 171.0 144.0 liabilities 144.0 132.0 Long-Term Assets Long-Term Liabilities Land 66.6 62.1 Long-term debt Capital lease 239.7 168.9 Buildings 109.5 91.5 obligations Equipment 119.1 99.6 Total Debt 239.7 168.9 Less accumulated depreciation (56.1) (52.5) Deferred taxes 22.8 22.2 Net property, plant, and Other long-term equipment 239.1 200.7 liabilities Total long-term Goodwill 60.0 liabilities 262.5 191.1 Other long-term assets 63.0 42.0 Total liabilities 406.5 323.1 Total long-term assets 362.1 242.7 Stockholders' Equity 126.6 63.6 Total Assets 533.1 386.7 Total liabilities and Stockholders' Equity 533.1 386.7 Calculate: a) Luther's current ratio for 2012 b) Luther's quick ratio for 2011 c) What was the change in Luther's quick ratio from 2011 to 2012

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