Assets Current Assets Cash Accounts receivable Inventories Other current assets Total current assets Long-Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long-term assets Total Assets Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Liabilities and 2005 Stockholders' Equity 2006 65.6 54.3 45.8 5.5 171.2 Current Liabilities 58.5 Accounts payable 39.6 debt Notes payable / short-term Current maturities of long- 42.9 term debt 3.0 Other current liabilities 144.0 65.3 62.1 109.4 91.5 116.3 99.6 Long-Term Liabilities Long-term debt Capital lease obligations (57.9) (52.5) Deferred taxes -- 38.7 6.0 Total current liabilities 144.2 233.1 60.0 63.0 356.1 242.7 Stockholders' Equity 2006 88.8 Total liabilities and 527.3 386.7 Stockholders' Equity 10.7 200.7 Other long-term liabilities Total long-term liabilities 257.2 42.0 Total liabilities 401.4 125.9 234.4 22.8 --- 2005 73.5 9.6 36.9 12.0 132.0 168.9 22.2 --- 191.1 323.1 63.6 527.3 386.7 Refer to the balance sheet. When using the book value of Debt-Equity Ratio (2006) = 3.188 What is the Gross Margin in 2006? What is the Quick Ratio in 2005? 0.86962552 Quick Ratio (2006) = 0.8696 Calculate the P/E ratio for 2005. Calculate the ROE in 2006 using the Dupont Framework