oblem, calculating nancial ratios Use the table below for questions af. Luther Corporation Consolidated Balance Sheet December 31, 2009 and 2008 (In $ millions) 2009 2008 Assets Current Assets Cash 63.6 58.5 Accounts receivable 55.5 Liabilities and Stockholders' Equity 2009 2008 Current Liabilities Accounts payable 87.6 73.5 Notes payable/ short-term debt 10.5 9.6 Current maturities of long- term debt 39.9 36.9 Other current liabilities 6.0 12.0 Total current liabilities 144. 132.0 39.6 Inventories Other current assets Total current assets 45.9 6.0 171.0 42.9 3.0 144.0 239.7 168.9 66.6 109.5 119.1 62.1 91.5 99.6 Long-Term Liabilities Long-term debt Capital lease obligations Total Debt 239.7 168.9 Long-Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long-term assets (56.1) (52.5) Deferred taxes 22.8 22.2 200,7 239.1 60.0 Other long-term liabilities Total long-term liabilities 262.5 Total liabilities 406.5 Stockholders' Equity 126.6 63.0 42.0 242.7 191.1 323.1 63.6 362.1 Total liabilities and Stockholders' Equity 533.1 533.1 386.7 Total Assets 386.7 Total long-term assets 362.1242.7 Total liabilities Stockholders' Equity 406.5 323.1 126.6 63.6 Total Assets 533.1 386.7 Total liabilities and Stockholders' Equity 533.1 386.7 a. What is Luther's net working capital in 2009? b. If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what would be Luther's market-to-book ratio? c. Using the book value of equity, what is the debt-equity ratio for Luther in 2009? d. If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what is Luther's enterprise value? I 1 e. What is Luther's current ratio for 2009? f. What is Luther's quick ratio for 2009? Use the table below for questions g-k