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Exercise 012-4 Chipotle Hexkcan Grill began with a single location in 1993 and now operates more than 1,700 restaurants. Adapted versions of the company's income

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Exercise 012-4 Chipotle Hexkcan Grill began with a single location in 1993 and now operates more than 1,700 restaurants. Adapted versions of the company's income statements (in $000s) are as follows 20152014 $4,501,223 $4,108,269 Restaurant operating costs Food, beverage, and packaging Labor Occupancy Other operating costs General and administrative expenses Depreciation and amortization Pre-opening costs Loss on disposal of assets 1503,8351,420.994 ,045,726 904,407 262412 230,868 14,963434,244 250,214 273.897 130,368 110,474 16,922 15.009 13,194 6.976 ,737,634 3,397,469 63,589 710,800 Interest and other income (expense), net6,27 3,503 709, 067 714,303 294,265 268,924 $475.602 445.374 Total operating expenses Income from operations Income before income taxer Provision for income taxes Prepare a common-size income statement for each year (Round answers to I decimal place, eg. 50.1 015 Revenue Restaurant operating costs Food, beverage, and packagng Other operating costs General and adminvstratrve e Prepare a common-sue rcome statement for each yeat (Round answers to 1 decimal place, e4 50.1%.) 2015 2014 Restaurant operabng costs Food, beverage, and packaging Labor Occupancy Other operating costs General and admnistrative expenses Pre-opening costs Loss on dsposal of assets Total operaing expenses Income from oper ations Interest and other income (expensel,net Income before income taxes Provision for income tases vet inco

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