Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Assets 2006 2005 Liabilities and Stockholders' Equity 2006 2005 Current Assets Current Liabilities Cash 58.6 58.5 Accounts payable 86.9 73.5 Accounts receivable 55.2 39.6 Notes payable / short-term debt 9.4 9.6 Inventories 46.6 42.9 Current maturities of long-term debt 39.9 36.9 Other current assets 5.2 3.0 Other current liabilities 6.0 12.0 Total current assets 165.6 144.0 Total current liabilities 142.2 132.0 Long-Term Assets Long-Term Liabilities Land 66.9 62.1 Long-term debt 232.9 168.9 Buildings 106.2 91.5 Capital lease obligations Equipment 118.5 99.6 Less accumulated depreciation (56.7) (52.5) Deferred taxes 22.8 22.2 Net property, plant, and equipment 234.9 200.7 Other long-term liabilities minusminusminus minusminusminus Goodwill 60.0 minusminus Total long-term liabilities 255.7 191.1 Other long-term assets 63.0 42.0 Total liabilities 397.9 323.1 Total long-term assets 357.9 242.7 Stockholders' Equity 125.6 63.6 Total Assets 523.5 386.7 Total liabilities and Stockholders' Equity 523.5 386.7 Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then Luther's market-to-book ratio would be closest to: A. 2.6 B. 0.65 C. 1.3 D. 1.82