QUESTION 22 Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (In $ millions) Liabilities and Assets 2006 2005 Stockholders' Equity Current Assets Current Liabilities Cash 59.5 58.5 Accounts payable Notes payable / short-term Accounts receivable 55.1 39.6 debt Current maturities of long- Inventories 45.9 42.9 term debt Other current assets 5.5 3.0 Other current liabilities 166.0 144.0 Total current assets Total current liabutis 2006 2005 88.9 735 10.4 96 373 6.0 142,6 36,9 1270 132.0 237 Long Term Liabiles Long-term debt Capital lease abigations 66,1 109,4 118.5 168.9 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 (54.9) (52.5) Deferred taxes 22.8 22.2 239.1 200.7 other long term liabilities 60.0 Total long-term liabilities 63.0 42.0 Total liabilities 362.1242.7 Stockholders' Equity 2588 4014 126.7 191.1 3231 636 528.1 386.7 528.1 Total llabilities and Total Assets 386.7 Stockholders' Equity Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at 516 per share, then Luther's market to book ratio would be comes to O 2.58 O 0.64 1.29 O 1.80