Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need calculations that are representative in the numbers for 12/31/2018 to develop an income statement, balance sheet and cash flows that depict 11% increase. Business

Need calculations that are representative in the numbers for 12/31/2018 to develop an income statement, balance sheet and cash flows that depict 11% increase. Business strategies that could boost sales outside of what Chipotle is currently doing, like what areas can they expand into.

Chipotle Case Study Part 2 provide alternative strategies (giving advantages and alternatives for each), as well as Pro Forma Financial Statements (I/S, B/S, and Statement of Cash Flows with deltas out 3 years and analysis. Each year must have 2 columns: 1 with your strategy and 1 without your strategy.

Needed information:

Chipotle is currently operating at a11% increase in sales over last year and has a 9% increase in operating expenses.

As of 12/31/18-

Total Revenue - 4,864,985

Cost of Revenue - 3,273,962

Research and Development - 0

General and Admin Expenses - 455,055

Non-Recurring - 0

Others - 568,336

Total Operating Expenses - 4,507,878

Total other income/expense net - (88,671)

Earnings Before Interest and Taxes - 357,107

Interest Expense - 0

Income Before Tax - 268,436

Income Tax Expense - 91,883

Cash and cash Equivalents - 249,953

Short term investments - 426,845

Net Receivables - 62,312

Inventory - 21,555

Long Term Investments - 0

Property - 1,379,254

Goodwill - 21,939

Other Assets 49,531

Accounts Payable - 113,071

Other Current Liabilities - 104,892

Other Liabilities - 374,189

Common Stock - 360

Retained Earning s- 2,573,617

Treasury Stock - (2,506,792)

Capital Surplus - 1,374,154

Other Stock Holder Equity - (6,236)

Total Stockholders equity - 1,441,339

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Montgomerys Auditing Classic Reprint Series

Authors: Robert Hiester Montgomery

1st Edition

1390439356, 978-1390439359

More Books

Students also viewed these Accounting questions

Question

4. Why does happiness resist easy change?

Answered: 1 week ago