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Use the table for the question(s) below. Consider the following balance sheet: Assets Current Assets Cash Accounts receivable Inventories Other current assets Long-Term Assets Land
Use the table for the question(s) below. Consider the following balance sheet: Assets Current Assets Cash Accounts receivable Inventories Other current assets Long-Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long term assets Luther Corporation Consolidated Balance Sheet December 31, 2009 and 2008 (in $ millions) Total current assets 171.0 Total Assets 2009 63.6 58.5 55.5 2008 39.6 45.9 42.9 6.0 3.0 144.0 66.6 62.1 109.5 91.5 119.1 99.6 (56.1) (52.5) 239.1 60.0 63.0 42.0 362.1 242.7 200.7 533.1 386.7 Liabilities and Stockholders' Equity Current Liabilities Accounts payable Notes payable/ short-term debt Current maturities of long-term debt Other current liabilities Long-Term Liabilities Long-term debt Capital lease obligations Total Debt 39.9 6.0 Total current liabilities 144.0 Deferred taxes Other long-term liabilities Total long-term liabilities Total liabilities Stockholders' Equity 2009 Total liabilities and Stockholders' Equity 87.6 10.5 239.7 239.7 22.8 2008 73.5 9.6 36.9 12.0 132.0 168.9 168.9 22.2 262.5 191.1 406.5 323.1 126.6 63.6 533.1 386.7
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