Luther Corporation

Consolidated Balance Sheet

December $31,2006$ and $2005($in $ millions$)$

$\backslash$table$[[$Assets$,2006,2005,\backslash$table$[[$Liabilities and$],[$Stockholders$\text{'}$ Equity$]],2006,2005],[$Current Assets,,,Current Liabilities,,$],[$Cash$,63\mathrm{.}6,53\mathrm{.}5,,87\mathrm{.}6,73\mathrm{.}5],[$Accounts receivable,$55\mathrm{.}5,39\mathrm{.}6,,10\mathrm{.}5,9\mathrm{.}6],[$Inventories$,45\mathrm{.}9,12\mathrm{.}9,$Curront maturites of$,59\mathrm{.}9,96\mathrm{.}9],[$Other current assets,$6\mathrm{.}0,3\mathrm{.}0,$Othe current lisilities,$60,12\mathrm{.}0],[$Total current assets,$171\mathrm{.}0,1440,\backslash$table$[[$Tow current$],[$Mobilitier$]],10,11]]$

Long$-$Term Assets

Long$-$Term Liabilites

Land

$66\mathrm{.}6,62\mathrm{.}1$

Long$-$term debt

$239\mathrm{.}7168\mathrm{.}9$

$\backslash$table$[[$Buildings$,109\mathrm{.}5,91\mathrm{.}5,\backslash$table$[[$Capital lease$],[$obligations$]],,],[$Equipment$,119\mathrm{.}1,99\mathrm{.}6,$Total Debt,$239\mathrm{.}7,168\mathrm{.}9],[\backslash$table$[[$Less sccumulated$],[$depreciation$]],(56\mathrm{.}1),(52\mathrm{.}5),$Deferred taxes,$22.,22\mathrm{.}2],[\backslash$table$[[$Net property, plant, ind$],[$equipment$]],239\mathrm{.}1,200\mathrm{.}7,\backslash$table$[[$Other long$-$term$],[$liabilities$]],,],[$Goodwill$,60\mathrm{.}0,,\backslash$table$[[$Total long$-$term$],[$liabilities$]],202\mathrm{.}5,191\mathrm{.}1],[$Other long$-$term assets,$63\mathrm{.}0,42\mathrm{.}0,$Total liabilities,$406\mathrm{.}5,323\mathrm{.}1],[\backslash$table$[[$Total fong$-$term$],[$assets$]],302\mathrm{.}1,242\mathrm{.}7,$Stackhalders Equity,$126\mathrm{.}6,83\mathrm{.}6],[$Total Assets,$533\mathrm{.}1,386\mathrm{.}7,\backslash$table$[[$Total liabilities and$],[$Stockholders$\text{'}$ Equity$]],33\mathrm{.}1,386\mathrm{.}7]]$

Refer to the balance sheet above. If on December $31,2005$ Luther has $8$ milion shares outstanding trading at $$15$ per share. What is the market$-$to$-$book ratia in $2005?$ Given Deht Netes payable$/$short$-$term debt $+$ Current maturities of leng$-$term debt $+$ Long$-$term debt, and debt$-$equity ratio is calculated os debt$/$equity$,$ then using book value of equity, what is debtequity ratio? Using market value of equity, what is debt$-$equity ratio?