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Please help calculate Chipotle's change in financial metrics of Return on Equity (i.e. net income/equity), WACC, equity beta, cost of equity, and price per share.
Please help calculate Chipotle's change in financial metrics of Return on Equity (i.e. net income/equity), WACC, equity beta, cost of equity, and price per share. Based on numbers below!!!!
Chipotle: Capital Structure Decision Consolidated Income Statements (in thousands of dollars) Data source: Company filings, 2017 and 2018. As of December 31 , 2017 2018 Assets Current assets: Cash and cash equivalents Investments in marketable securities Accounts receivable Inventory Prepaid expenses and other current assets Total current assets \begin{tabular}{rr} 184,569 & 249,953 \\ 324,382 & 426,845 \\ 40,453 & 62,312 \\ 19,860 & 21,555 \\ 60,271 & 54,129 \\ \hline 629,535 & 814,794 \end{tabular} Property and equipment, net Goodwill Other noncurrent assets Total assets \begin{tabular}{rr} 55,852 & 49,531 \\ \hline 2,045,692 & 2,265,518 \\ \hline \end{tabular} Liabilities and shareholders' equity Current liabilities: Accounts payable Accrued payroll and benefits Other current liabilities Total current liabilities \begin{tabular}{rr} 159,324 & 223,452 \\ \hline 323,893 & 449,990 \end{tabular} Deferred rent \begin{tabular}{rr} 316,498 & 330,985 \\ 814 & 11,566 \\ 40,042 & 31,638 \\ \hline 681,247 & 824,179 \end{tabular} Deferred income tax liabilities Other liabilities Total liabilities Shareholders' equity: Common stock Additional paid-in capital Treasury stock Accumulated other comprehensive loss Retained earnings Total shareholders' equity Total liabilities and shareholders' equity \begin{tabular}{rr} 359 & 360 \\ 1,305,090 & 1,374,154 \\ (2,334,409) & (2,500,556) \\ (3,659) & (6,236) \\ 2,397,064 & 2,573,617 \\ \hline 1,364,445 & 1,441,339 \\ \hline 2,045,692 & 2,265,518 \\ \hline \end{tabular} Data source: Company filings, 2017 and 2018. Exhibit 11 Chipotle: Capital Structure Decision Capital Markets Data Chipotle: Capital Structure Decision Pro Forma Tax Shield Effect of Recapitalization Scenarios (in millions of dollars) Notes: (1) Moody's Corporate Bond Avg. Yield-Baa. (2) Adj. EBIT includes interest and other income, gain (loss) on sale of investments, and unusual items. (3) Market value of debt equal book value. (4) Actual market value of equity equals the share price (\$431.79) multiplied by the current number of shares outstanding (27.787 million)
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