Luther Corporation Consolidated Balance Sheet
December 31, 2006 and 2005 (in $ millions)

**Assets**
- **2006**
- Current Assets
- Cash: 58.6
- Accounts receivable: 55.2
- Inventories: 46.6
- Other current assets: 5.2
- Total current assets: 165.6
- Long-Term Assets
- Land: 66.9
- Buildings: 106.2
- Equipment: 118.5
- Less accumulated depreciation: (56.7)
- Net property, plant, and equipment: 234.9
- Goodwill: 60.0
- Other long-term assets: 63.0
- Total long-term assets: 357.9
- **Total Assets**: 523.5

- **2005**
- Current Assets
- Cash: 58.5
- Accounts receivable: 39.6
- Inventories: 42.9
- Other current assets: 3.0
- Total current assets: 144.0
- Long-Term Assets
- Land: 62.1
- Buildings: 91.5
- Equipment: 99.6
- Less accumulated depreciation: (52.5)
- Net property, plant, and equipment: 200.7
- Other long-term assets: 42.0
- Total long-term assets: 242.7
- **Total Assets**: 386.7

**Liabilities and Stockholders' Equity**
- **2006**
- Current Liabilities
- Accounts payable: 86.9
- Notes payable/short-term debt: 9.4
- Current maturities of long-term debt: 39.9
- Other current liabilities: 6.0
- Total current liabilities: 142.2
- Long-Term Liabilities
- Long-term debt: 232.9
- Deferred taxes: 22.8
- Total long-term liabilities: 255.7
- **Total Liabilities**: 397.9
- Stockholders' Equity: 125.6

- **2005**
- Current Liabilities
- Accounts payable: 73.5
- Notes payable/short-term debt: 9.6
- Current maturities of long-term debt: 36.9
- Other current liabilities: 12.0
- Total current liabilities: 132.0
- Long-Term Liabilities
- Long-term debt: 168.9
- Deferred taxes: 22.2
- Total long-term liabilities: 191.1
- **Total Liabilities**: 323.1
- Stockholders' Equity: 63.6

**Total Liabilities and Stockholders' Equity**: 523.5 (2006), 386.7 (2005)

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