Chipotle Mexican Grill, Inc. (CMG) is a quick-service restaurant providing a focused menu of burritos, tacos, and salads. Chipotle’s income statements through operating income for two recent years are as follows (in thousands): Chipotle Mexican Grill, Inc. Income Statements For the Years Ended December 31 (in thousands) Year 2 Year 1 Revenues $3,904,384 $4,501,223 Expenses: Food, beverage, packing $(1,365,580) $(1,503,835) Labor (1,105,001) (1,045,726) Rent (occupancy) (293,636) (262,412) General and administrative (641,953) (514,963) Other (463,647) (410,698) Total expenses $(3,869,817) $(3,737,634) Operating income $34,567 $763,589 Required: a. Prepare a vertical analysis of the two income statements. Round percentages to one decimal place. Chipotle Mexican Grill, Inc. Income Statements For the Years Ended December 31 (in thousands) Year 2 Year 1 Amount Percent Amount Percent Revenues $3,904,384 fill in the blank 1% $4,501,223 fill in the blank 2% Expenses: Food, beverage, packing $(1,365,580) fill in the blank 3% $(1,503,835) fill in the blank 4% Labor (1,105,001) fill in the blank 5% (1,045,726) fill in the blank 6% Rent (ocupancy) (293,636) fill in the blank 7% (262,412) fill in the blank 8% General and administrative (641,953) fill in the blank 9% (514,963) fill in the blank 10% Other (463,647) fill in the blank 11% (410,698) fill in the blank 12% Total expenses $(3,869,817) fill in the blank 13% $(3,737,634) fill in the blank 14% Operating income $34,567 fill in the blank 15% $763,589 fill in the blank 16%

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

Chipotle Mexican Grill, Inc. (CMG) is a quick-service restaurant providing a focused menu of burritos, tacos, and salads. Chipotle’s income statements through operating income for two recent years are as follows (in thousands):

Chipotle Mexican Grill, Inc.
Income Statements
For the Years Ended December 31
(in thousands)
	Year 2	Year 1
Revenues	$3,904,384	$4,501,223
Expenses:
Food, beverage, packing	$(1,365,580)	$(1,503,835)
Labor	(1,105,001)	(1,045,726)
Rent (occupancy)	(293,636)	(262,412)
General and administrative	(641,953)	(514,963)
Other	(463,647)	(410,698)
Total expenses	$(3,869,817)	$(3,737,634)
Operating income	$34,567	$763,589

Required:

a. Prepare a vertical analysis of the two income statements. Round percentages to one decimal place.

Chipotle Mexican Grill, Inc.
Income Statements
For the Years Ended December 31
(in thousands)
	Year 2	Year 1
	Amount	Percent	Amount	Percent
Revenues	$3,904,384	fill in the blank 1%	$4,501,223	fill in the blank 2%
Expenses:
Food, beverage, packing	$(1,365,580)	fill in the blank 3%	$(1,503,835)	fill in the blank 4%
Labor	(1,105,001)	fill in the blank 5%	(1,045,726)	fill in the blank 6%
Rent (ocupancy)	(293,636)	fill in the blank 7%	(262,412)	fill in the blank 8%
General and administrative	(641,953)	fill in the blank 9%	(514,963)	fill in the blank 10%
Other	(463,647)	fill in the blank 11%	(410,698)	fill in the blank 12%
Total expenses	$(3,869,817)	fill in the blank 13%	$(3,737,634)	fill in the blank 14%
Operating income	$34,567	fill in the blank 15%	$763,589	fill in the blank 16%