Use the table for the question(s) below. Consider the following balance sheet: Luther Corporation Consolidated Balance...

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Use the table for the question(s) below. Consider the following balance sheet: Luther Corporation Consolidated Balance Sheet December 31, 2019 and 2018 (in $ millions) 2019 2018 Liabilities and Stockholders' Equity Assets 2019 2018 Current Assets Current Liabilities Cash 63.6 58.5 Accounts payable Accounts receivable 55.5 39.6 Notes payable/ 87.6 73.5 10.5 9.6 short-term debt Inventories 45.9 42.9 Current maturities of long-term debt 39.9 36.9 Other current assets 6.0 3.0 Other current liabilities Total current assets 171.0 144.0 Long-Term Assets Total current liabilities Long-Term Liabilities 6.0 12.0 144.0 132.0 Land 66.6 62.1 Long-term debt Buildings 109.5 91.5 Equipment 119.1 99.6 Total Debt Less accumulated (56.1) (52.5) depreciation Net property, plant, and 239.1 200.7 Capital lease obligations Deferred taxes Other long-term liabilities 239.7 168.9 -- 239.7 168.9 22.8 22.2 -- --- equipment Goodwill Other long-term assets Total long-term assets 60.0 63.0 42.0 362.1 242.7 -- Total long-term liabilities Total liabilities Stockholders' Equity 262.5 191.1 406.5 323.1 126.6 63.6 Total Assets 533.1 386.7 Total liabilities and Stockholders' Equity 533.1 386.7 If in 2019 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: 0.76. 0.39. 2.57. 1.29. Use the table for the question(s) below. Consider the following income statement and other information: Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) Total sales Cost of sales Gross profit Selling, general, and administrative expenses Research and development Depreciation and amortization Operating income 2019 2018 610.1 578.3 (500.2) (481.9) 109.9 96.4 (40.5) (39.0) (24.6) (22.8) (3.6) (3.3) 41.2 31.3 Other income --- --- Earnings before interest and taxes (EBIT) 41.2 31.3 Interest income (expense) (25.1) (15.8) Pre-tax income 16.1 15.5 Taxes Net income (5.5) (5.3) 10.6 10.2 Price per share Shares outstanding (millions) Stock options outstanding (millions) Stockholders' Equity Total Liabilities and Stockholders' Equity $16 $15 10.2 8.0 0.3 0.2 126.6 63.6 533.1 386.7 Luther's price - earnings ratio (P/E) for the year ending December 31, 2019 is closest to: 10.1. 16.0. 15.4. 7.9. Use the table for the question(s) below. Consider the following balance sheet: Luther Corporation Consolidated Balance Sheet December 31, 2019 and 2018 (in $ millions) 2019 2018 Liabilities and Stockholders' Equity Assets 2019 2018 Current Assets Current Liabilities Cash 63.6 58.5 Accounts payable Accounts receivable 55.5 39.6 Notes payable/ 87.6 73.5 10.5 9.6 short-term debt Inventories 45.9 42.9 Current maturities of long-term debt 39.9 36.9 Other current assets 6.0 3.0 Other current liabilities Total current assets 171.0 144.0 Long-Term Assets Total current liabilities Long-Term Liabilities 6.0 12.0 144.0 132.0 Land 66.6 62.1 Long-term debt Buildings 109.5 91.5 Equipment 119.1 99.6 Total Debt Less accumulated (56.1) (52.5) depreciation Net property, plant, and 239.1 200.7 Capital lease obligations Deferred taxes Other long-term liabilities 239.7 168.9 -- 239.7 168.9 22.8 22.2 -- --- equipment Goodwill Other long-term assets Total long-term assets 60.0 63.0 42.0 362.1 242.7 -- Total long-term liabilities Total liabilities Stockholders' Equity 262.5 191.1 406.5 323.1 126.6 63.6 Total Assets 533.1 386.7 Total liabilities and Stockholders' Equity 533.1 386.7 If in 2019 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: 0.76. 0.39. 2.57. 1.29. Use the table for the question(s) below. Consider the following income statement and other information: Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) Total sales Cost of sales Gross profit Selling, general, and administrative expenses Research and development Depreciation and amortization Operating income 2019 2018 610.1 578.3 (500.2) (481.9) 109.9 96.4 (40.5) (39.0) (24.6) (22.8) (3.6) (3.3) 41.2 31.3 Other income --- --- Earnings before interest and taxes (EBIT) 41.2 31.3 Interest income (expense) (25.1) (15.8) Pre-tax income 16.1 15.5 Taxes Net income (5.5) (5.3) 10.6 10.2 Price per share Shares outstanding (millions) Stock options outstanding (millions) Stockholders' Equity Total Liabilities and Stockholders' Equity $16 $15 10.2 8.0 0.3 0.2 126.6 63.6 533.1 386.7 Luther's price - earnings ratio (P/E) for the year ending December 31, 2019 is closest to: 10.1. 16.0. 15.4. 7.9.