LO1 E5-35. Analyzing Segment Revenue Disclosures from Quarterly Data Beyond Meat, Inc. Beyond Meat disclosed the following in its Form 10-Q for the first quarter ended March 30, 2019. The (BYND) company had its initial public offering (IPO) in May 2019. The Company's net revenues by platform and channel are included in the tables below: Two distributors each accounted for approximately 21% of the Company's gross revenues in the three months ended March 30, 2019; and three distributors accounted for approximately 34%, 14% and 11%, respectively, of the Company's gross revenues in the three months ended March 31,2018. a. Calculate the average discount given to customers for the two quarters presented. Why might a company like Beyond Meat grant such generous discounts? What do we observe about the level of the discounts across the two quarters? b. Beyond Meat's revenue grew tremendously between March 2018 and March 2019. Determine growth rates for each of the platforms and channels disclosed (Fresh, Frozen, Retail, and Restaurant). Use these ratios to explain overall revenue growth. Module 5 Revenues, Receivables, and Operating Expenses c. Explain why the company disclosed the proportion of sales to its major distributors. Why would investors care to know this information? LO1 E5-35. Analyzing Segment Revenue Disclosures from Quarterly Data Beyond Meat, Inc. Beyond Meat disclosed the following in its Form 10-Q for the first quarter ended March 30, 2019. The (BYND) company had its initial public offering (IPO) in May 2019. The Company's net revenues by platform and channel are included in the tables below: Two distributors each accounted for approximately 21% of the Company's gross revenues in the three months ended March 30, 2019; and three distributors accounted for approximately 34%, 14% and 11%, respectively, of the Company's gross revenues in the three months ended March 31,2018. a. Calculate the average discount given to customers for the two quarters presented. Why might a company like Beyond Meat grant such generous discounts? What do we observe about the level of the discounts across the two quarters? b. Beyond Meat's revenue grew tremendously between March 2018 and March 2019. Determine growth rates for each of the platforms and channels disclosed (Fresh, Frozen, Retail, and Restaurant). Use these ratios to explain overall revenue growth. Module 5 Revenues, Receivables, and Operating Expenses c. Explain why the company disclosed the proportion of sales to its major distributors. Why would investors care to know this information