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9. What is Luther's net operating working capital (excluding Cash, short-term debt and current maturities) in 2008?

10. What is Luther's net operating working capital (excluding Cash, short-term debt and current maturities) in 2009?

Consider the following balance sheet: Luther Corporation Consolidated Balance Sheet December 31, 2009 and 2008 (in $ millions) 2009 2008 2009 2008 Assets Current Assets Cash 63.6 58.5 87.6 73.5 Accounts receivable 55.5 39.6 Liabilities and Stockholders' Equity Current Liabilities Accounts payable Notes payable/ short-term debt Current maturities of long-term debt Other current liabilities Total current liabilities 10.5 9.6 Inventories Other current assets 45.9 6.0 42.9 3.0 39.9 6.0 36.9 12.0 Total current assets 171.0 144.0 144.0 132.0 239.7 168.9 66.6 109.5 119.1 62.1 91.5 99.6 Long-Term Liabilities Long-term debt Capital lease obligations Total Debt --- 239.7 168.9 Long-Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long-term assets (56.1) (52.5) Deferred taxes 22.8 22.2 239.1 60.0 63.0 362.1 200.7 -- 42.0 242.7 Other long-term liabilities Total long-term liabilities Total liabilities Stockholders' Equity 262.5 406.5 126.6 191.1 323.1 63.6 Total liabilities and Stockholders' Equity Total Assets 533.1 386.7 533.1 386.7

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