Use the information about Billy's Burgers to answer the following question(s): Billy's Burgers Figures in $millions...

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Use the information about Billy's Burgers to answer the following question(s): Billy's Burgers Figures in $millions Income Statement Net Sales Costs exc. Dep. EBITDA Depreciation EBIT Interest 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 Net PP&E Total Assets Liabilities and Equity Accts. Payable 2010 8.0 21.0 23.0 52.0 145.0 197.0 180 Interest Pretax Income Taxes Net Income 12.0 29.8 10.4 19.4 Net PP&E Total Assets Liabilities and Equity Accts. Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total 145.0 197.0 18.0 82.0 100.0 97.0 Liabilities and Equity Using the percent of sales method, and assuming 20 % growth in sales, estimate Billy's Burgers' depreciation for 2011. 197.0 Use the information about Billy's Burgers to answer the following question(s): Billy's Burgers Figures in $millions Income Statement Net Sales Costs exc. Dep. EBITDA Depreciation EBIT Interest 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 Net PP&E Total Assets Liabilities and Equity Accts. Payable 2010 8.0 21.0 23.0 52.0 145.0 197.0 180 Interest Pretax Income Taxes Net Income 12.0 29.8 10.4 19.4 Net PP&E Total Assets Liabilities and Equity Accts. Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total 145.0 197.0 18.0 82.0 100.0 97.0 Liabilities and Equity Using the percent of sales method, and assuming 20 % growth in sales, estimate Billy's Burgers' depreciation for 2011. 197.0

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To estimate Billys Burgers depreciation for 2011 using the percent of sales method and assuming a 20 ... View the full answer