Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) 2006 2005 Assets Current Assets Cash 58.8 73.5 Accounts receivable Liabilities and

image text in transcribed
Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) 2006 2005 Assets Current Assets Cash 58.8 73.5 Accounts receivable Liabilities and 2005 Stockholders' Equity 2006 Current Liabilities 58.5 Accounts payable 88.3 Notes payable 39.6 short-term debt 9.1 Current maturities of 42.9 long-term debt 37.9 3.0 Other current liabilities 6.0 144.0 Total current liabilities 141.3 54.5 9.6 Inventories 44.3 Other current assets 5.9 Total current assets 163.5 36.9 12.0 132.0 232.6 Long-Term Liabilities Long-term debt Capital lease obligations 65 107 119.9 168.9 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 (56.5) (52.5) Deferred taxes 22.8 22.2 235.4 60.0 63.0 358.4 200.7 Other long-term liabilities Total long-term liabilities 255.4 42.0 Total liabilities 396.7 242.7 Stockholders' Equity 125.2 191.1 323.1 63.6 Total Assets 521.9 Total liabilities and 386.7 Stockholders' Equity 521.9 386.7 Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) 2006 2005 Assets Current Assets Cash 58.8 73.5 Accounts receivable Liabilities and 2005 Stockholders' Equity 2006 Current Liabilities 58.5 Accounts payable 88.3 Notes payable 39.6 short-term debt 9.1 Current maturities of 42.9 long-term debt 37.9 3.0 Other current liabilities 6.0 144.0 Total current liabilities 141.3 54.5 9.6 Inventories 44.3 Other current assets 5.9 Total current assets 163.5 36.9 12.0 132.0 232.6 Long-Term Liabilities Long-term debt Capital lease obligations 65 107 119.9 168.9 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 (56.5) (52.5) Deferred taxes 22.8 22.2 235.4 60.0 63.0 358.4 200.7 Other long-term liabilities Total long-term liabilities 255.4 42.0 Total liabilities 396.7 242.7 Stockholders' Equity 125.2 191.1 323.1 63.6 Total Assets 521.9 Total liabilities and 386.7 Stockholders' Equity 521.9 386.7

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Market Takers Edge Insider Strategies From The Options Trading Floor

Authors: Dan Passarelli

1st Edition

007175492X,0071754946

More Books

Students also viewed these Finance questions