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 Assets Current Assets Cash 2005 56.8 73.5 Accounts receivable 55.5 Liabilities

image text in transcribed
Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) 2006 Assets Current Assets Cash 2005 56.8 73.5 Accounts receivable 55.5 Liabilities and 2005 Stockholders' Equity 2006 Current Liabilities 58.5 Accounts payable 86.9 Notes payable/ 39.6 short-term debt 10.2 Current maturities of 42.9 long-term debt 38.7 3.0 Other current liabilities 6.0 144.0 Total current liabilities 141.8 9.6 Inventories Other current assets Total current assets 46.4 6 164.7 36.9 12.0 132.0 234.2 Long-Term Liabilities Long-term debt Capital lease obligations 65 109.1 118.1 168.9 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 (55.2) (52.5) Deferred taxes 22.8 22.2 --- 237 60.0 63.0 360 200.7 Other long-term liabilities Total long-term liabilities 42.0 Total liabilities 242.7 Stockholders' Equity 257 398.8 125.9 191.1 323.1 63.6 Total Assets 524.7 Total liabilities and 386.7 Stockholders' Equity 524.7 386.7 O A. $22.90 million Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) 2006 Assets Current Assets Cash 2005 56.8 73.5 Accounts receivable 55.5 Liabilities and 2005 Stockholders' Equity 2006 Current Liabilities 58.5 Accounts payable 86.9 Notes payable/ 39.6 short-term debt 10.2 Current maturities of 42.9 long-term debt 38.7 3.0 Other current liabilities 6.0 144.0 Total current liabilities 141.8 9.6 Inventories Other current assets Total current assets 46.4 6 164.7 36.9 12.0 132.0 234.2 Long-Term Liabilities Long-term debt Capital lease obligations 65 109.1 118.1 168.9 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 (55.2) (52.5) Deferred taxes 22.8 22.2 --- 237 60.0 63.0 360 200.7 Other long-term liabilities Total long-term liabilities 42.0 Total liabilities 242.7 Stockholders' Equity 257 398.8 125.9 191.1 323.1 63.6 Total Assets 524.7 Total liabilities and 386.7 Stockholders' Equity 524.7 386.7 O A. $22.90 million

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

Investment Analysis And Portfolio Management

Authors: Frank K. Reilly, Keith C. Brown

9th Edition

0324656122, 978-0324656121

More Books

Students also viewed these Finance questions

Question

15. What is motivation? How is it different from job satisfaction?

Answered: 1 week ago

Question

an = 5 n 2 3 n

Answered: 1 week ago