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Chipotle Mexican Grill, Inc. Income Statements For the Years Ended December 31 Year 2 Year 1 $ 3,904,384 $ 4,501,223 Revenues Expenses: Food, beverage, packing. Labor. $(1,365,580) $ (1,503,835) (1,105,001) (1,045,726) Rent (occupancy). (293,636) (262,412) General and administrative. (641,953) (514,963) Other. Total expenses.. (410,698) S (3,737,634) $ 763,589 (463,647) $ (3.869.817) Operating income 34,567

Chipotle Mexican Grill, Inc. Income Statements For the Years Ended December 31 Year 2 Year 1 $ 3,904,384 $ 4,501,223 Revenues Expenses: Food, beverage, packing. Labor. $(1,365,580) $ (1,503,835) (1,105,001) (1,045,726) Rent (occupancy). (293,636) (262,412) General and administrative. (641,953) (514,963) Other. Total expenses.. (410,698) S (3,737,634) $ 763,589 (463,647) $ (3.869.817) Operating income 34,567

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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):

a. Prepare a vertical analysis of the two income statements. Round percentages to one deci­ mal place.
b. Interpret the vertical analysis.

Chipotle Mexican Grill, Inc. Income Statements For the Years Ended December 31 Year 2 Year 1 $ 3,904,384 $ 4,501,223 Revenues Expenses: Food, beverage, packing. Labor. $(1,365,580) $ (1,503,835) (1,105,001) (1,045,726) Rent (occupancy). (293,636) (262,412) General and administrative. (641,953) (514,963) Other. Total expenses.. (410,698) S (3,737,634) $ 763,589 (463,647) $ (3.869.817) Operating income 34,567
Transcribed Image Text:Chipotle Mexican Grill, Inc. Income Statements For the Years Ended December 31 Year 2 Year 1 $ 3,904,384 $ 4,501,223 Revenues Expenses: Food, beverage, packing. Labor. $(1,365,580) $ (1,503,835) (1,105,001) (1,045,726) Rent (occupancy). (293,636) (262,412) General and administrative. (641,953) (514,963) Other. Total expenses.. (410,698) S (3,737,634) $ 763,589 (463,647) $ (3.869.817) Operating income 34,567
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