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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

Chipotle Mexican Grillbegan 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:

2017

2016

Revenue

$4,476,412$3,904,384Restaurant operating costs

Food, beverage, and packaging

1,535,4281,365,580Labor

1,205,9921,105,001Occupancy

327,132293,636Other operating costs

651,644641,953General and administrative expenses

296,388276,240Depreciation and amortization

163,348146,368Pre-opening costs

12,34117,162Loss on disposal of assets

13,34523,877Total operating expenses4,205,6183,869,817Income from operations

270,79434,567Interest and other income (expense), net

4,9494,172Income before income taxes

275,74338,739Provision for income taxes

99,49015,801Net income$176,253$22,938

Prepare a common-size income statement for each year.(Round answers to 1 decimal place, e.g. 50.1%.)

2017

2016

Revenue

enter percentages

%

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%Restaurant operating costs

Food, beverage, and packaging

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%Labor

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%Occupancy

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%Other operating costs

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%General and administrative expenses

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%Depreciation and amortization

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%Pre-opening costs

enter percentages

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%Loss on disposal of assets

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%

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%Total operating expensesenter percentages

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Income from operations

enter percentages

%enter percentages

%Interest and other income (expense), net

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%enter percentages

%

Income before income taxes

enter percentages

%enter percentages

%Provision for income taxes

enter percentages

%enter percentages

%Net incomeenter percentages

%enter percentages

%

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