Question: 1. and 2. Prepare and complete the work sheet using each of the account titles on Chiptole's income statement. Round all percentages one decimal place.
1. and 2. Prepare and complete the work sheet using each of the account titles on Chiptole's income statement. Round all percentages one decimal place. Use minus sign to indicate any decrease in amounts Chiptole Company Income Statement (In thousands of dollars) Increase/Decrease Increase/Decrease Increase/Decrease Increase/Decrease 2014 to 2015 2014 to 2015 2013 to 2014 2013 to 2014 Percent Dollars 893,678 Dollars Percent Income Statement Accounts 392,954 11.51% Restaurant operating costs: 347.480 164,670 31,761 86,843 70,164 14,420 82,841 41,319 31,544 80,719 23,683 19,894 1,313 6,218 340,165 52,789 2,275 55,564 25,336 30,228 Food, beverage and packaging Labor Other operating costs General and administrative expenses Depreciation and amortization Pre-opening costs Loss on disposal of assets Total operating Income from operations Interest and other income (expense), net Income before income taxes Provision for income taxes Net income 3. Which of the following statements concerning Chipotle best describes the comparison of 2015 to 20147 Year ended December 31, 2015 2014 2013 2012 2011 Statement of Income: Revenue Food, beverage and packaging costs $4.501.223. S 4,108,269. S 3214,59 i S 2 731224 S 2,269 548 738,720 543,119 147,274 1,420,994 904.407 230,868 434,244 273,897 110,474 15,609 891,003 641,836 171,435 286,610 183.409 84,130 11,909 5,027 2,275,359 55,865 1,820 457,685 1,503,835 1,045,726 262,412 514,963 250,214 130,368 1,073,514 39,800 199,107 347,401 203,733 96,054 15,511 69766.751 2,681,871 532,720 1,751 534,471 Labor costs Other operating costs General and administrative expenses Depreciation and amortization Pre-opening costs Loss on disposal of assets 251,208 149,426 74,938 8.495 5,806 1.918.986 350,562 13,194 3,737,634 763,589 Total operating expenses 3,397.46 710,800 3.503 714.303 Income from operations Interest and other income (expense), net Income before income taxes Provision for income taxes Net income Earnings per share 769,867 349.705 (294.265) (268929) (207.033)(179685) 134.760) S 475,602 S 445,374 S327,438 S 278,000 S 214,945 Basic Diluted S 15.30 S 15.10 S 14.35 S 10.58S S 14.13 S 10.47 S 8.75 6.89 6.76 Weighted average common shares outstanding 31,038 31,512 30,957 31,281 31,513 31,783 31.217 31,775 Diluted 31,494
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
