Chipotle Mexican Grill began with a single location in 1993 and now operates more than 2,450 restaurants.
Question:
Chipotle Mexican Grill began with a single location in 1993 and now operates more than 2,450 restaurants. Adapted versions of the company’s income statements (in $000s) are as follows:
Required
Prepare a common-size income statement for each year, rounding your answers to one decimal place. Your answers may not add perfectly due to rounding.
Transcribed Image Text:
2017 2016 Revenue $4,476,412 $3,904,384 Restaurant operating costs Food, beverage, and packaging 1,535,428 1,365,580 Labor 1,205,992 1,105,001 293,636 Occupancy Other operating costs General and administrative expenses Depreciation and amortization Pre-opening costs Loss on disposal of assets 327,132 651,644 641,953 296,388 276,240 163,348 146,368 12,341 17,162 13,345 23,877 Total operating expenses 4,205,618 3,869,817 Income from operations Interest and other income (expense), net 270,794 34,567 4,949 4,172 Income before income taxes 275,743 38,739 Provision for income taxes 99,490 15,801 Net income $ 176,253 $ 22,938
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
2017 2016 Revenue 1000 1000 Restaurant operating costs Food beverage and packaging 343 350 Lab...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Winnebago Industries manufactures motor homes. Adapted versions of the companys balance sheets (in $000) follow. Required Prepare a common-size balance sheet for each fiscal year, rounding all...
-
Estimate the intervals of concavity to one decimal place by using a computer algebra system to compute and graph f. x' - 10x + 5 V + 4 (x+ 1)'(x + 5) (r' + 1)(x + 4) 57. f(x) 58. f(x)
-
Estimate the intervals of concavity to one decimal place by using a computer algebra system to compute and graph f". F(x) = x4 + x3 + 1 / x2 + x + 1
-
Calculate the 90% confidence interval for the difference (mu1-mu2) of two population means given the following sampling results. Population 1: sample size = 19, sample mean = 20.52, sample standard...
-
A) Describe what it means for an ERP system to be inflexible? B) Describe the pros and cons of tailoring your organization's business processes to align with the procedures in an ERP system?
-
Let \(M\) be a Gaussian martingale with bracket \(\langle Mangle\). Prove that the process \(\langle Mangle\) is deterministic. The Gaussian property implies that, for \(t>s\), the r.v....
-
Murphy Corporation has 50,000 shares of \(\$ 10\) par value common stock outstanding. The company has \(\$ 450,000\) of retained earnings. At year-end, the company declares a cash dividend of \(\$...
-
On January 1, Year 4, Grant Corporation bought 8,000 (80%) of the outstanding common shares of Lee Company for $70,000 cash. Lee's shares were trading for $7 per share on the date of acquisition. On...
-
1. 30+ 2x = 3/3-4x)
-
Complete Tsate's Form 1040-SR, Schedules A, B and D, Form 8949, Form 6252 and Qualified Dividends and Capital Gain Tax Worksheet. Tsate Kongia (birthdate 02/14/1954) is an unmarried high school...
-
What might you conclude if the Cost of Goods Sold percentage was increasing on the common-size income statement?
-
What might you conclude if the Accounts Receivable percentage for Company A on its common-size balance sheet was greater than the same percentage for Company B? Assume the companies are in the same...
-
Why are so many companies presently redesigning their cost accounting systems?
-
A torsional bar element has two degrees of freedom. What are the generalized coordinates associated with these degrees of freedom?
-
What is the Fourier transform of \(\delta(t)\) ?
-
How many degrees of freedom are there in a three-element model of a fixed-free beam?
-
What is the autocorrelation function for ideal white noise?
-
What does the Central Limit theorem imply?
-
Discuss Fraudulent Misrepresentation & Rescission of a Share Purchase Agreement and what are the elements of fraudulent misrepresentation in business?
-
Find the velocity, acceleration, and speed of a particle with the given position function. r(t) = (t 2 , sin t - t cos t, cos t + t sin t), t > 0
-
Define the following terms; (a) Cost behavior and (b) Relevant range
-
Define the following terms; (a) Cost behavior and (b) Relevant range
-
What is meant by an activity base when dealing with variable costs? Give several examples of activity bases.
-
if you don't know the answer don't do it because I need the correct answer and i need someone who draw table as the picture shows
-
10.1 Digital advice 10.1.1 A short reminiscence When FSR commenced I spent many weeks combing through a range of calculators and questionnaires (risk profilers and the like) available on the websites...
-
Ian purchased a house for $375,000. He made a down payment of 15.00% of the value of the house and received a mortgage for the rest of the amount at 4.22% compounded semi-annually amortized over 20...
Study smarter with the SolutionInn App