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December 31, 2006 and 2005 (in $ millions) 2006 2005 Assets Current Assets Cash 60.6 73.5 Liabilities and 2005 Stockholders' Equity 2006 Current Liabilities 58.5
December 31, 2006 and 2005 (in $ millions) 2006 2005 Assets Current Assets Cash 60.6 73.5 Liabilities and 2005 Stockholders' Equity 2006 Current Liabilities 58.5 Accounts payable 87.8 Notes payable/ 39.6 short-term debt 10.6 Current maturities of 42.9 long-term debt 39.5 3.0 Other current liabilities 6.0 144.0 Total current liabilities 143.9 Accounts receivable 54.9 9.6 Inventories 46.9 Other current assets 5 Total current assets 167.4 36.9 12.0 132.0 231.4 Long-Term Liabilities Long-term debt Capital lease obligations 64.7 107 118.2 168.9 62.1 91.5 99.6 Long-Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long-term assets (55.4) (52.5) Deferred taxes 22.8 22.2 234.5 60.0 63.0 357.5 200.7 Other long-term liabilities Total long-term liabilities 42.0 Total liabilities 242.7 Stockholders' Equity 254.2 398.1 126.8 191.1 323.1 63.6 Total Assets 524.9 386.7 Stockholders' Equity 524.9 386.7 Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then Luther's market-to-book ratio would be closest to: A. 2.57 OB. 0.64 O C. 1.29 OD. 1.8
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