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

Required

1. Using the format in Example 13-5, prepare common-size comparative income statements for 2015 and 2014. Round all percentages to the nearest one-tenth of a percent.

2. What changes do you detect in the income statement relationships from 2014 to 2015?

3. Using the format in Example 13-4, prepare common-size comparative balance sheets at the end of 2015 and 2014. Round all percentages to the nearest one-tenth of a percent.

4. What observations can you make about the relative composition of Chipotle's assets from the common-size statements? What observations can be made about the changes in the relative composition of liabilities and stockholders' equity accounts?