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bInterpret the vertical analysis. MAD 3-4 Analyze Chipotle Mexican Grill Chipotle Mexi an Gril, Inc. (CMG isa quick-service restaurant providing a focused menu of a.
bInterpret the vertical analysis. MAD 3-4 Analyze Chipotle Mexican Grill Chipotle Mexi an Gril, Inc. (CMG isa quick-service restaurant providing a focused menu of a. Prepare a vertical analysis of the incorme S Obj. 7 burrit os, tacos, and salads. Chipotle's income statements through operating income for two recent years are as follows (in thousands): Chipotle Mexican Grill, Inc. Income Statements For the Years Ended December 31 Year 1 Year 2 5 3.904.384 4.501.223 $ (1,365,580) (1,503,835) Expenses: Food, beverage, packing.. Labor.. Rent (occupancy) (1,105,001) (293,636) (641,953) 463,647 (1,045,726) (262,412) (514,963) (410.698) Other lotal expenses Operating income. $13.869812 $(3,737634) $34,567 $763,589 Prepare a vertical analysis of the two income statements. Round percentages to one deci- a. mal place. b. Interpret the vertical analysis
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