Question: Use the table for the question(s) below. Consider the following balance sheet: Luther Corporation Consolidated Balance Sheet December 31, 2019 and 2018 (in $ millions)


Use the table for the question(s) below. Consider the following balance sheet: Luther Corporation Consolidated Balance Sheet December 31, 2019 and 2018 (in $ millions) Liabilities and Assets 2019 2018 Stockholders' Equity Current Assets Current Liabilities Cash 63.6 58.5 Accounts payable Notes payable / Accounts receivable 55.5 39.6 short-term debt Current maturities of 2019 2018 87.6 73.5 10.5 9.6 O A. $353.1 million OB. $389.7 million OC. $516.9 million OD. -563.3 million 39.9 Inventories Other current assets Total current assets 45.9 6.0 171.0 42.9 3.0 144.0 Current maturities of long-term debt Other current liabilities Total current liabilities 6.0 36.9 12.0 132.0 144.0 239.7 Long-Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and 168.9 66.6 109.5 119.1 Long-Term Liabilities Long-term debt Capital lease obligations Total Debt 62.1 91.5 99.6 239.7 168.9 (56.1) (52.5) Deferred taxes 22.8 22.2 O A. $353.1 million B. $389.7 million O C. $516.9 million OD. - $63.3 million 119.1 99.6 Total Debt 239.7 168.9 (56.1) (52.5) Deferred taxes 22.8 22.2 Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long-term assets 200.7 239.1 600 63.0 362.1 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 Total Assets 533.1 386.7 Stockholders' Equity 533.1 386.7 If in 2019 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what is Luther's Enterprise Value? O A $353.1 million B. $389.7 million O C. $516.9 million OD. - $63.3 million
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