The Securities and Exchange Commission (SEC) regulates companies that issue stock on the stock market. It receives financial reports from public companies electronically under a system called EDGAR (Electronic Data Gathering and Retrieval Service). Using the Internet, anyone may search the database for the reports that have been filed. Using your Web browser, access the EDGAR database at sec.gov. To search the database, click on “Filings” in the menu bar near the top of the page and then select “Company Filing Search” in the drop-down menu. Then type in “Chipotle Mexican Grill” for the company name in the search window and press enter.

Required:
To look at SEC filings, type in “10-Q” in the space indicating “Filing Type” and press enter. All of the Form 10-Q quarterly reports will be listed in reverse chronological order. Skim down the “Filing Date” column until you locate the Form 10-Q filed July 29, 2020. Click on the “Documents” for that report, click on the 10-Q document (first item), and skim to the Table of Contents.
1. Click on “Financial Statements” and locate the “Condensed Consolidated Balance Sheets.”
a. What was the amount in thousands of dollars of Chipotle’s total assets at the end of the most recent quarter reported?
b. Did current liabilities increase or decrease since December 31, 2019?
c. Compute the current ratio (round your answer to three decimal places). How does it compare to the ratio indicated for Chipotle Mexican Grill in the chapter at December 31, 2019? What does this suggest about the company?

2. Skim to the Chipotle “Consolidated Statements of Cash Flows.”
a. What amount in thousands of dollars did Chipotle spend on “leasehold improvements, property and equipment” for the six months ended June 30, 2020? (Leasehold improvements are major
renovations, such as adding elevators, to rented property.)
b. What was the total amount in thousands of dollars of cash flows used in financing activities?