Use the table for the question$($s$)$ below.

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

$63\mathrm{.}6$

$58\mathrm{.}5$

Accounts payable

$87\mathrm{.}6$

$73\mathrm{.}5$

Accounts receivable

$55\mathrm{.}5$

$39\mathrm{.}6$

Notes payable $/$

short$-$term debt

$10\mathrm{.}5$

$9\mathrm{.}6$

Inventories

$45\mathrm{.}9$

$42\mathrm{.}9$

Current maturities of long$-$term debt

$39\mathrm{.}9$

$36\mathrm{.}9$

Other current assets

$6\mathrm{.}0$

$3\mathrm{.}0$

Other current liabilities

$6\mathrm{.}0$

$12\mathrm{.}0$

Total current assets

$171\mathrm{.}0$

$144\mathrm{.}0$

Total current liabilities

$144\mathrm{.}0$

$132\mathrm{.}0$

Long$-$Term Assets

Long$-$Term Liabilities

Land

$66\mathrm{.}6$

$62\mathrm{.}1$

Long$-$term debt

$239\mathrm{.}7$

$168\mathrm{.}9$

Buildings

$109\mathrm{.}5$

$91\mathrm{.}5$

Capital lease obligations

$---$

$---$

Equipment

$119\mathrm{.}1$

$99\mathrm{.}6$

Total Debt

$239\mathrm{.}7$

$168\mathrm{.}9$

Less accumulated

depreciation

$(56\mathrm{.}1)$

$(52\mathrm{.}5)$

Deferred taxes

$22\mathrm{.}8$

$22\mathrm{.}2$

Net property, plant, and equipment

$239\mathrm{.}1$

$200\mathrm{.}7$

Other long$-$term liabilities

$---$

$---$

Goodwill

$60\mathrm{.}0$

$--$

Total long$-$term liabilities

$262\mathrm{.}5$

$191\mathrm{.}1$

Other long$-$term assets

$63\mathrm{.}0$

$42\mathrm{.}0$

Total liabilities

$406\mathrm{.}5$

$323\mathrm{.}1$

Total long$-$term assets

$362\mathrm{.}1$

$242\mathrm{.}7$

Stockholders' Equity

$126\mathrm{.}6$

$63\mathrm{.}6$

Total Assets

$533\mathrm{.}1$

$386\mathrm{.}7$

Total liabilities and Stockholders' Equity

$533\mathrm{.}1$

$386\mathrm{.}7$

Refer to the balance sheet above. If on December $31,2005$ Luther has $8$ million shares outstanding trading at $$15$ per share.What is the market$-$to$-$book ratio in $2005?$ Given Debt $=$ Notes payable$/$short$-$term debt $+$ Current maturities of long$-$term debt $+$ Long$-$term debt, and debt$-$equity ratio is calculated as debt$/$equity$,$ then using book value of equity, what is debt$-$equity ratio? Using market value of equity, what is debt$-$equity ratio?