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Use the information about Billy's Burgers to answer the following question(s): Billy's Burgers Figures in Smillions Income Statement Net Sales Costs exc. Dep. EBITDA Depreciation

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Use the information about Billy's Burgers to answer the following question(s): Billy's Burgers Figures in Smillions 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 41.8 120 29.8 104 19.4 Balance Sheet Assets Cash Accts. Rec. Inventories Total Current Assets Net PP&E Total Assets Liabilities and Equity Accts. Payable Long-Term Debt Total Liabilities Total Stockholders Equity Total 2010 8.0 210 23.0 52.0 145.0 197.0 180 820 100.0 970 Liabilities and Equity Using the percent of sales method, and assuming 20% growth in sales and no change in interest expense, estimate Billy's Burgers' Net Income for 2011. 197.0 OA. $35.76 million OB. $24.84 million OC. $23.28 million O D. $28.16 million

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