Chipotle Mexican Grill, Inc. is a quick-service restaurant providing a focused menu of burritos, tacos, and salads. Chipotle's balance sheets for the end of two recent years are as follows:

A. Prepare a horizontal analysis of the two balance sheets. (Round percentages to one decimal place.)
B. Interpret the horizontal analysis with respect to the change in total assets, total liabilities, and total stockholders' equity. (Treasury stock will be discussed in a later chapter and may be omitted from your analysis.)

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Chipotle Mexican Grill, Inc. Balance Sheets December 31 in thousands) Year 2 Year 1 Assets Current assets 323,203 24,016 13,044 51,073 254,971 666,307 963,238 313,863 65,872 $2,009,280 Cash... S 419,465 34,839 15,332 70,251 338,592 $ 878,479 1,106,984 496,106 64,716 $2,546,285 Inventory Investments Total current assets Property, plant, and equipment Long-term investments.. Other assets.... Liabilities and Stockholders' Equity Current liabilities 69,613 176,097 245,710 288,206 533,916 S59,022 140,206 $199,228 271,764 470,992 Accounts payable Other current liabilities.. Total current liabilities Long-term liabilities Total liabilities Stockholders' Equity 354 1,038,932 $352 919,840 1,276,897 Retained earnings.. Treasury stock Other adjustments 1,722,27 (748,759) 429) $2,012,369 $2,546,285 (660,421) 1,620 $1,538,288 $2,009,280 Total liabilities and stockholders' equity