December 31, 2006 and 2005 (in $ millions) Liabilities and Stockholders' Assets 2006 2005 Equity 2006 2005 Current Assets Current Liabilities Cash Accounts 59.5 58.5 Accounts payable 88.9 73.5 Notes payable/ receivable 55.1 39.6 short-term debt 10.4 9.6 Inventories Current maturities 45.9 42.9 of long-term debt 37.3 36.9 Other current Other current assets 5.5 3.0 liabilities 6.0 12.0 Total current Total current assets 166.0144.0 liabilities 142.6 132.0 Long-Term Long-Term Assets Liabilities Land 66.1 62.1 Long-term debt 236 168.9 Capital lease Buildings 109.4 91.5 obligations Equipment 118.5 99.6 Less accumulated depreciation (54.9)(52.5) Deferred taxes 22.8 22.2 Net property, plant, and Other long-term equipment 239.1200.7liabilities Total long-term Goodwill 60.0 liabilities 258.8 191.1 Other long-term assets 63.0 42.0 Total liabilities 401.4 323.1 Total long-term Stockholders' assets 362.1242.7 Equity 126.7 63.6 Total liabilities and Stockholders' Total Assets 528.1386.7 Equity 528.1 386.7 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) 2.58 B) 0.64 C) 1.29 D) 1.80