Comparing Two Companies in the Same Industry: Chipotle and Panera Bread Refer to the financial information for Chipotle and Panera Bread for the information needed to answer the following questions Required: 1. Locate the note in each company's annual report included in its Form 10-K for the 2014 year in which it discusses revenue recognition. How does each company describe the point at which it recognizes revenue from customers? Are there any significant differences in the organizations' revenue recognition policies? For the following: Enter dollar amounts in millions, rounded to three decimal place. Round percentages to one decimal place. 2. What dollar amount does Chipotle report for accounts receivable on its most recent balance sheet? million What percent of the company's total current assets are comprised of accounts receivable? 9% What is the dollar amount of Panera Bread's accounts receivable on its most recent balance sheet? million What percent of total current assets is comprised of accounts receivable? 96 For which company does its accounts receivable constitute a higher percentage of its total current assets? Comparing Two Companies in the Same Industry: Chipotle and Panera Bread Refer to the financial information for Chipotle and Panera Bread for the information needed to answer the following questions Required: 1. Locate the note in each company's annual report included in its Form 10-K for the 2014 year in which it discusses revenue recognition. How does each company describe the point at which it recognizes revenue from customers? Are there any significant differences in the organizations' revenue recognition policies? For the following: Enter dollar amounts in millions, rounded to three decimal place. Round percentages to one decimal place. 2. What dollar amount does Chipotle report for accounts receivable on its most recent balance sheet? million What percent of the company's total current assets are comprised of accounts receivable? 9% What is the dollar amount of Panera Bread's accounts receivable on its most recent balance sheet? million What percent of total current assets is comprised of accounts receivable? 96 For which company does its accounts receivable constitute a higher percentage of its total current assets