Luther Corporation

Consolidated Balance Sheet

December 31, 2006 and 2005 (in $ millions)

Assets	2006	2005	Liabilities and Stockholders' Equity	2006	2005
Current Assets			Current Liabilities
Cash	56.7	58.5	Accounts payable	89.5	73.5
Accounts receivable	56.7	39.6	Notes payable / short-term debt	10.3	9.6
Inventories	46	42.9	Current maturities of long-term debt	37.3	36.9
Other current assets	6	3.0	Other current liabilities	6.0	12.0
Total current assets	165.4	144.0	Total current liabilities	143.1	132.0
Long-Term Assets			Long-Term Liabilities
Land	66.5	62.1	Long-term debt	233.4	168.9
Buildings	109.8	91.5	Capital lease obligations
Equipment	115.9	99.6
Less accumulated depreciation	(55.2)	(52.5)	Deferred taxes	22.8	22.2
Net property, plant, and equipment	237	200.7	Other long-term liabilities
Goodwill	60.0		Total long-term liabilities	256.2	191.1
Other long-term assets	63.0	42.0	Total liabilities	399.3	323.1
Total long-term assets	360	242.7	Stockholders' Equity	126.1	63.6
Total Assets	525.4	386.7	Total liabilities and Stockholders' Equity	525.4	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:

Question content area bottom

Part 1

A.2.59