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