Financial Statement Analysis Project

TAB 1

Download the most recent 10-K of Chipotle (CMG) and prepare a common size income statement (vertical analysis) for each of the three years. If Chipotle adjusted their line items in the current year, you can add/delete/rephrase a row on the template.

Once completed, examine the data and write a 150-300 word analysis describing any significant trends from year to year. Did the companys income statement become stronger or weaker over time? You can use the Management Discussion & Analysis for help in explaining key changes.