Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) 2006 2006 2005 Assets Current Assets Cash 59.6 86.8 73.5 Liabilities and 2005 Stockholders' Equity Current Liabilities 58.5 Accounts payable Notes payable 39.6 short-term debt Current maturities of 42.9 long-term debt 3.0 Other current liabilities 144.0 Total current liabilities Accounts receivable 54.8 9.2 9.6 Inventories Other current assets Total current assets 44.8 5 164.2 38.4 6.0 140.4 36.9 12.0 132.0 226.8 Long-Term Liabilities Long-term debt Capital lease obligations 65.4 106.1 115.7 168.9 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 (57.7) (52.5) Deferred taxes 22.8 22.2 229.5 60.0 63.0 352.5 200.7 Other long-term liabilities Total long-term liabilities 42.0 Total liabilities 242.7 Stockholders' Equity 249.6 390 126.7 191.1 323.1 63.6 Total liabilities and 516.7 386.7 Stockholders' Equity Total Assets 516.7 386.7 Refer to the balance sheet above. When using the book value of equity, the debt-equity ratio for Luther in 2006 is closest to O A. 4.33 OB. 2.17 O C. 1.08 OD. 3.03