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Note: Lookin for the answer no 6,7,8,9,10. TIA Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Liabilities and Stockholders' Assets
Note: Lookin for the answer no 6,7,8,9,10. TIA
Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Liabilities and Stockholders' Assets 2006 2005 Equity 2006 2005 Current Assets Current Liabilities Cash 50.7 58.5 Accounts payable 84.4 73.5 Accounts receivable 54.9 39.6 Notes payable / short-term debt 9.4 9.6 Inventories 44.7 42.9 Current maturities of long-term debt 39.8 36.9 Other current assets 6.1 3.0 Other current liabilities 6.0 12.0 Total current assets 156.4 144.0 Total current liabilities 139.6 132.0 222.3 Long-Term Liabilities Long-term debt Capital lease obligations 66.8 106.2 115.7 168.9 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 (56.5) (52.5) Deferred taxes 22.8 22.2 232.2 60.0 63.0 355.2 200.7 Other long-term liabilities Total long-term liabilities 42.0 Total liabilities 242.7 Stockholders' Equity 245.1 384.7 126.9 191.1 323.1 63.6 Total liabilities and Stockholders' 386.7 Equity Total Assets 511.6 511.6 386.7 6) Refer to the balance sheet above. What is Luther's net working capital in 2006? A) $16.8 million B) $296.0 million C) $33.6 million D) $8.4 million 7) What is Luther's current ratio in 2006? 8) 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 9) 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 what is Luther's enterprise value? --------- 10) Refer to the balance sheet above. Luther's quick ratio for 2006 is closest toStep by Step Solution
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