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
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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%
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