blem #1: calcu lating financial ratio Use the table below for questions a-f Luther Corporation Consolidated Balance Sheet December 31, 2009 and 2008 (in S millions Liabilities and Assets Current Assets Cash 2009 2008 Stockholders' Equit 63.6 58.5 Accounts payable 55.5 39.6 short-term debt 45.9 42.9 term debt 2009 2008 87.6 73.5 10.5 9.6 Current Liabilities Notes payable / Current maturities oflong Other current liabilities Accounts receivable Inventories Other current assets 3.0 Total current assets 171.0 144.0 39.9 36.9 6.0 12.0 Total current liabilities 44.0 132.0 6.0 Long-Term Assets Long-Term Liabilities Land Buildings Less accumulated 66.6 62.1 Long-term debt 109.5 91.5 Capital lease obligations 19.1 99.6 Total Debt 239.7 168.9 239.7 168.9 22.8 22.2 ent ciation 56.1) (52.5) Deferred taxes Net property, plant, and pment 239.1 200.7 Other long-term liabilities Goodwill Other long-term assets 60.0 63.0 42.0 Total liabilities Total long-term liabilities 262.5 191.1 406.5 323.1 126.6 63.6 Total long-term assets 362.1 242.7 Stockholders Equitt Total liabilities and Total Assets 533.1 386.7 Stockholders' Equity 533.1 386.7 a. What is Luther's net working capital in 2009? If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what would be Luther's market-to-book ratio? b. c. Using the book value of equity, what is the debt-equity ratio for Luther in 2009? d. If in 2009 Luther has 10.2 millon shares outstanding and these shares are trading at $16 per share, then what is Luther's enterprise value? e. What is Luther's current ratio for 2009? f. What is Luther's quick ratio for 2009