Part II Problems (55 Marks) 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 a. Costs except Depreciation b. Cash 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 c. Accounts receivable d. Inventory e. Property, plant and equipment Total Current Assets Property, plant, and equipment Total Assets 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 1. Using the percent of sales method, and assuming 10% growth in sales for 2011, forecast: (10 Marks) 100.0 97.0 197.0 2. Assume that Billy Burger's pay out 30% of its net income. Use the percent of sales method to forecast stockholder's equity. (5 Marks) 3. What is the amount of net new financing needed for Billy Burger's? (6 Marks)