Use the table for the question(s) below. Luther Corporation Consolidated Balance Sheet December 31,2006 and 2005 (in $ millions) Liabilities and Assets Current Assets Cash 2006 2005 Stockholders' Equity 2006 2005 Current Liabilities 63.6 58.5 Accounts payable 87.6 73.5 Notes payable Accounts receivable 55.5 39.6 short-term debt 10.5 9.6 Current maturities of Inventories Other current assets 39.9 36.9 6.0 12.0 144.0 132.0 45.942.9 long-term debt 3.0 Total current assets 171.0 144.0 6.0 Other current liabilities Total current liabilities Long-lerm Assets Long-Term Liabilities Long-term debt Capital lease obligations Land Buildings Equipment Less accumulated depreciation 66.6 62.1 109.5 91.5 119.1 99.6 Total Debt 239.7 168.9 239.7 168.9 (56.1) (52.5) Deferred taxes 22.8 22.2 Net property, plant, and equipment Goodwill Other long-term assets 239.1200.7 Other long-term liabilities 60.0 63.0 42.0 362.1 242.7Stockholders' Equity Total long-term liabilities Total liabilities 262.5 191.1 406.5 323.1 126.6 63.6 Total long-term assets Total liabilities and Total Assets 533.1 386.7 Stockholders' Equity 533.1 386.7 9) Refer to the balance sheet above. Luther's quick ratio for 2005 is closest to: B) 1.09 A) 0.77 C) 1.31 D) 0.92 10) A public company has a book value of $128 million. They have 20 million shares outstanding, with a market price of $4 per share. Which of the following statements is true regarding this company? A) The firm's market value is more than its book value. B) Investors believe the company's assets are not likely to be profitable its market value is worth less than its book value. C) The value of the firm's assets are greater than their liquidation value D) Investors may consider this firm to be a growth company