1. Calculate the P/E Ratio for Chipotle Mexican Grill using the following information:

2. Based on the comparison/s between Chipotle and a Competitor, which is the better investment and why?

\begin{tabular}{|l|r|} \hline Chipotle Mexican Grill & \\ \hline 2020 Income Statement & \\ \hline Sales & 5,985 \\ \hline Cost Of Goods & 4,944 \\ \hline Gross Profit & 1,041 \\ \hline Selling \& Adminstrative \& Depr. \& Amort Expenses & 751 \\ \hline Income After Depreciation \& Amortization & 290 \\ \hline Non-Operating Income & 4 \\ \hline Interest Expense & 0 \\ \hline Pretax Income & 294 \\ \hline Income Taxes & -62 \\ \hline Minority Interest & 0 \\ \hline Investment Gains/Losses & 0 \\ \hline Other Income/Charges & 0 \\ \hline Income From Cont. Operations & 356 \\ \hline Extras \& Discontinued Operations & 0 \\ \hline Net Income (GAAP) & 356 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline & Chipotle & Competitor \\ \hline Current Ratio: & 1.73 & 1.25 \\ \hline Total Asset Turnover Ratio: & 1.00 & 0.8 \\ \hline Total Debt to Total Assets Ratio: & 0.66 & 0.5 \\ \hline Gross Profit Margin: & 17.39% & 28.00% \\ \hline P/E Ratio: & & 30 \\ \hline \end{tabular}