Assets Current Assets Cash Accounts receivable Inventories Other current assets Total 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 Total Assets Liabilities and 2006 2005 Stockholders' Equity OA. 1.71 OB. 2.28 OC. 0.57 OD. 1.14 57.4 56 44.8 5.9 164.1 Current Liabilities 58.5 Accounts payable Notes payable / 39.6 short-term debt 42.9 3.0 Other current liabilities 144.0 65.6 62.1 108.5 91.5 117.3 99.6 Current maturities of long-term debt (56.2) (52.5) 235.2 200.7 60.0 63.0 42.0 358.2 242.7 Total current liabilities Long-Term Liabilities Long-term debt Capital lease obligations Deferred taxes Other long-term liabilities Total long-term liabilities Total liabilities and 522.3 386.7 Stockholders' Equity Refer to the balance sheet above. Luther's current ratio for 2006 is closest to Total liabilities Stockholders' Equity 2006 87.2 10.7 39.9 6.0 143.8 230.2 22.8 253 396.8 125.5 522.3 2005 73.5 9.6 36.9 12.0 132.0 168.9 22.2 191.1 323.1 63.6 386.7

Assets Current Assets Cash Accounts receivable Inventories Other current assets Total 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 Total Assets Liabilities and 2006 2005 Stockholders' Equity OA. 1.71 OB. 2.28 OC. 0.57 OD. 1.14 57.4 56 44.8 5.9 164.1 Current Liabilities 58.5 Accounts payable Notes payable / 39.6 short-term debt 42.9 3.0 Other current liabilities 144.0 65.6 62.1 108.5 91.5 117.3 99.6 Current maturities of long-term debt (56.2) (52.5) 235.2 200.7 60.0 63.0 42.0 358.2 242.7 Total current liabilities Long-Term Liabilities Long-term debt Capital lease obligations Deferred taxes Other long-term liabilities Total long-term liabilities Total liabilities and 522.3 386.7 Stockholders' Equity Refer to the balance sheet above. Luther's current ratio for 2006 is closest to Total liabilities Stockholders' Equity 2006 87.2 10.7 39.9 6.0 143.8 230.2 22.8 253 396.8 125.5 522.3 2005 73.5 9.6 36.9 12.0 132.0 168.9 22.2 191.1 323.1 63.6 386.7

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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