Question:
Chipotle Mexican Grill began with a single location in 1993 and now operates more than 1,700 restaurants. Adapted versions of the company's balance sheets (in $000) follow.
Required
Prepare a common-size balance sheet for each fiscal year, rounding all percentages to one decimal place. Your answers may not add perfectly due to rounding.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Transcribed Image Text:
Dec. 31, 2015 Dec. 31,2014 Current assets: $ 248,005 38,283 15,043 39,965 58,152 415,199 814,647 1,217,220 622,939 70,260 $2,725,066 $ 419,465 34,839 15,332 34,795 16,488 338,592 859,511 1,106,984 496,106 64,716 $2,527,317 Cash and cash equivalents Accounts receivable Inventory Prepaid expenses and other current assets Income tax receivable Investments Total current assets Property, plant, and equipment, net Long-term investments Other assets Total assets Liabilities and shareholders' equity Current liabilities: $ 85,709 64,958 129,275 279,942 284,267 32,883 597,092 69,613 73,894 102,203 245,710 240,975 28,263 514,948 Accounts payable Accrued payroll and benefits Accrued liabilities Total current liabilities Deferred liabilities Other liabilities Total liabilities Shareholders' equity Common stock Additional paid-in capital Treasury stock Accumulated other comprehensive income (loss) Retained earnings Total shareholders' equity Total liabilities and shareholders equity 1,172,628 (1,234,612) (8,273) 2,197,873 2,127,974 $2,725,066 1,038,932 (748,759 (429) 1,722,271 2,012,369 $2,527,317 2