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Liabilities and 2005 Stockholders' Equity Assets 2006 2006 2005 Current Assets Current Liabilities 58.5 Accounts payable Notes payable / 39.6 short – term debt Cash 65 85.8 73.5 Accounts receivable 56.4 10.8 9.6 Current maturities of long - term debt Other current liabilities Total current liabilities Inventories 44.3 42.9 39 36.9 Other current assets 6.1 3.0 6.0 12.0 171.8 144.0 Total current assets 141.6 132.0 Long - Term Liabilities Long - term debt Long - Term Assets 66 62.1 Land 244.4 168.9 Buildings Equipment 109.5 91.5 Capital lease obligations 118.9 99.6 Less accumulated depreciation (55) (52.5) Deferred taxes 22.8 22.2 Net property, plant, and equipment 239.4 200.7 Other long - term liabilities Goodwill 60.0 Total long - term liabilities 267.2 191.1 Other long - term assets 63.0 42.0 Total liabilities 408.8 323.1 242.7 Stockholders' Equity Total long - term assets 362.4 125.4 63.6 Total liabilities and 386.7 Stockholders' Equity Total Assets 534.2 534.2 386.7 Refer to the balance sheet above. What is Luther's net working capital in 2006? A. $30.20 million B. $313.40 million C. $60.40 million O D. $15.10 million

Liabilities and 2005 Stockholders' Equity Assets 2006 2006 2005 Current Assets Current Liabilities 58.5 Accounts payable Notes payable / 39.6 short – term debt Cash 65 85.8 73.5 Accounts receivable 56.4 10.8 9.6 Current maturities of long - term debt Other current liabilities Total current liabilities Inventories 44.3 42.9 39 36.9 Other current assets 6.1 3.0 6.0 12.0 171.8 144.0 Total current assets 141.6 132.0 Long - Term Liabilities Long - term debt Long - Term Assets 66 62.1 Land 244.4 168.9 Buildings Equipment 109.5 91.5 Capital lease obligations 118.9 99.6 Less accumulated depreciation (55) (52.5) Deferred taxes 22.8 22.2 Net property, plant, and equipment 239.4 200.7 Other long - term liabilities Goodwill 60.0 Total long - term liabilities 267.2 191.1 Other long - term assets 63.0 42.0 Total liabilities 408.8 323.1 242.7 Stockholders' Equity Total long - term assets 362.4 125.4 63.6 Total liabilities and 386.7 Stockholders' Equity Total Assets 534.2 534.2 386.7 Refer to the balance sheet above. What is Luther's net working capital in 2006? A. $30.20 million B. $313.40 million C. $60.40 million O D. $15.10 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
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Liabilities and 2005 Stockholders' Equity Assets 2006 2006 2005 Current Assets Current Liabilities 58.5 Accounts payable Notes payable / 39.6 short – term debt Cash 65 85.8 73.5 Accounts receivable 56.4 10.8 9.6 Current maturities of long - term debt Other current liabilities Total current liabilities Inventories 44.3 42.9 39 36.9 Other current assets 6.1 3.0 6.0 12.0 171.8 144.0 Total current assets 141.6 132.0 Long - Term Liabilities Long - term debt Long - Term Assets 66 62.1 Land 244.4 168.9
Transcribed Image Text:Liabilities and 2005 Stockholders' Equity Assets 2006 2006 2005 Current Assets Current Liabilities 58.5 Accounts payable Notes payable / 39.6 short – term debt Cash 65 85.8 73.5 Accounts receivable 56.4 10.8 9.6 Current maturities of long - term debt Other current liabilities Total current liabilities Inventories 44.3 42.9 39 36.9 Other current assets 6.1 3.0 6.0 12.0 171.8 144.0 Total current assets 141.6 132.0 Long - Term Liabilities Long - term debt Long - Term Assets 66 62.1 Land 244.4 168.9
Buildings Equipment 109.5 91.5 Capital lease obligations 118.9 99.6 Less accumulated depreciation (55) (52.5) Deferred taxes 22.8 22.2 Net property, plant, and equipment 239.4 200.7 Other long - term liabilities Goodwill 60.0 Total long - term liabilities 267.2 191.1 Other long - term assets 63.0 42.0 Total liabilities 408.8 323.1 242.7 Stockholders' Equity Total long - term assets 362.4 125.4 63.6 Total liabilities and 386.7 Stockholders' Equity Total Assets 534.2 534.2 386.7 Refer to the balance sheet above. What is Luther's net working capital in 2006? A. $30.20 million B. $313.40 million C. $60.40 million O D. $15.10 million
Transcribed Image Text:Buildings Equipment 109.5 91.5 Capital lease obligations 118.9 99.6 Less accumulated depreciation (55) (52.5) Deferred taxes 22.8 22.2 Net property, plant, and equipment 239.4 200.7 Other long - term liabilities Goodwill 60.0 Total long - term liabilities 267.2 191.1 Other long - term assets 63.0 42.0 Total liabilities 408.8 323.1 242.7 Stockholders' Equity Total long - term assets 362.4 125.4 63.6 Total liabilities and 386.7 Stockholders' Equity Total Assets 534.2 534.2 386.7 Refer to the balance sheet above. What is Luther's net working capital in 2006? A. $30.20 million B. $313.40 million C. $60.40 million O D. $15.10 million
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