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Current Liabilibes Cash 61.2 58.5 Accounts payable Notes payable / 396 short-term debt Current maturities of 42.9 long - term debt 3.0 Other current labilities 87.6 73.5 Accounts receivable 54.7 10.1 9.6 Inventories Other current assets 45.5 39.8 36.9 53 Total current assets 166.7 144.0 6.0 12.0 Total current labilities 143.5 132.0 Long - Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long - tem assets Total long - term assets 65 2 108 120.6 996 Long - Tem Liabilites 62.1 Long - term debt 91.5 Capital lease obligations 235.1 168.9 (55 8) (52.5) Deferred taxes 228 222 238 2007 Other long - term labilities -. 600 630 Total long-term labilities 257 9 -- 191.1 420 Total labiles 2427 Stockholders' Equity 401.4 323.1 361 126 3 636 Total liabilities and 5277 3867 Stockholders Equity Total Assets 527.7 386.7 Refer to the balance sheet above. What is Luther's net working capital in 2006? OA S23 20 millon OB. $310 20 million OC S46 40 million OD. S11.60 million

Current Liabilibes Cash 61.2 58.5 Accounts payable Notes payable / 396 short-term debt Current maturities of 42.9 long - term debt 3.0 Other current labilities 87.6 73.5 Accounts receivable 54.7 10.1 9.6 Inventories Other current assets 45.5 39.8 36.9 53 Total current assets 166.7 144.0 6.0 12.0 Total current labilities 143.5 132.0 Long - Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long - tem assets Total long - term assets 65 2 108 120.6 996 Long - Tem Liabilites 62.1 Long - term debt 91.5 Capital lease obligations 235.1 168.9 (55 8) (52.5) Deferred taxes 228 222 238 2007 Other long - term labilities -. 600 630 Total long-term labilities 257 9 -- 191.1 420 Total labiles 2427 Stockholders' Equity 401.4 323.1 361 126 3 636 Total liabilities and 5277 3867 Stockholders Equity Total Assets 527.7 386.7 Refer to the balance sheet above. What is Luther's net working capital in 2006? OA S23 20 millon OB. $310 20 million OC S46 40 million OD. S11.60 million

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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4. Refer to the balance sheet above. What is Luther's net working capital in 2006?
Current Assets Current Liabilities 58.5 Accounts payable Notes payable / 39.6 short - term debt Cash 61.2 87.6 73.5 Accounts receivable 54.7 10.1 9.6 Current maturities of 42.9 long - tem debt 3.0 Other current liabilities Inventories 45.5 39.8 36.9 Other current assets 5.3 Total current assets 166.7 6.0 12.0 144.0 Total current liabilities 143.5 132.0 Long - Term Assets Land Long - Term Liabilities 62.1 Long - term debt 91.5 Capital lease obligations 65.2 235.1 168.9 Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill 108 120.6 99.6 (55.8) (52.5) Deferred taxes 22.8 22.2 238 60.0 200.7 Other long - term liabilities -- -- Total long - term liabilities 257.9 -- 191.1 Other long - term assets Total long - term assets 63.0 42.0 Total liabilities 2427 Stockholders' Equity 401.4 126.3 323 1 361 63.6 Total liabilities and 5277 386.7 Stockholders' Equity Total Assets 527.7 Refer to the balance sheet above. What is Luther's net working capital in 2006? 386.7 OA. $23 20 million OB. $310.20 million OC. $46. 40 million O D. $11.60 million
Transcribed Image Text:Current Assets Current Liabilities 58.5 Accounts payable Notes payable / 39.6 short - term debt Cash 61.2 87.6 73.5 Accounts receivable 54.7 10.1 9.6 Current maturities of 42.9 long - tem debt 3.0 Other current liabilities Inventories 45.5 39.8 36.9 Other current assets 5.3 Total current assets 166.7 6.0 12.0 144.0 Total current liabilities 143.5 132.0 Long - Term Assets Land Long - Term Liabilities 62.1 Long - term debt 91.5 Capital lease obligations 65.2 235.1 168.9 Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill 108 120.6 99.6 (55.8) (52.5) Deferred taxes 22.8 22.2 238 60.0 200.7 Other long - term liabilities -- -- Total long - term liabilities 257.9 -- 191.1 Other long - term assets Total long - term assets 63.0 42.0 Total liabilities 2427 Stockholders' Equity 401.4 126.3 323 1 361 63.6 Total liabilities and 5277 386.7 Stockholders' Equity Total Assets 527.7 Refer to the balance sheet above. What is Luther's net working capital in 2006? 386.7 OA. $23 20 million OB. $310.20 million OC. $46. 40 million O D. $11.60 million
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