Use the information about Billy's Burgers to answer the following problems 1-3: Figures in $...
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Accounting
Use the information about Billy's Burgers to answer the following problems 1-3: Figures in $ millions Income Statement Net Sales Costs exc. Dep. EBITDA Depreciation EBIT Interest expense Pretax Income Taxes Net Income 2010 246.0 187.0 59.0 17.2 41.8 12.0 29.8 10.4 19.4 Balance Sheet Assets Cash Accts. Rec. Inventories Total Current Assets Property, plant, and equipment Total Assets a. Costs except Depreciation b. Cash c. Accounts receivable d. Inventory e. Property, plant and equipment Liabilities and Equity Accts. Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 2010 8.0 21.0 23.0 52.0 145.0 197.0 18.0 82.0 100.0 97.0 197.0 1. Using the percent of sales method, and assuming 10% growth in sales for 2011, forecast: (10 Marks)
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