Refer to the financial statement information of Chipotle reprinted at the back of the book. Required 1.

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Refer to the financial statement information of Chipotle reprinted at the back of the book.

Required

1. Prepare a work sheet with the following headings:

Refer to the financial statement information of Chipotle reprinted at

2. Complete the work sheet using each of the account titles on Chipotle's income statement. Round all percentages to the nearest one-tenth of a percent.
3. What observations can you make from this horizontal analysis? What is your overall analysis of operations? Have the company's operations improved over the three-year period?

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