Answer the following questions using the given finacial statements: QUESTION $1$

Over the last three reporting periods, the amount that Chipotle's total revenues exceeded its total operating expenses has:

a$.$

increased

b$.$

decreased

c$.$

stayed the same

d$.$

cannot be determined

QUESTION $2$

Based on the accounts receivable, net balances at December $31,2022$ and December $31,2023,$ Chipotle sales on account were more than the amount of cash it collected from customers during $2023.$

a$.$

True

b$.$

False

QUESTION $3$

Use the following formula to calculate Chipotle's accounts receivable turnover ratio for both $2022$ and $2023$:

Account receivable turnover ratio $=$ Total revenue $/$ Accounts receivable, net

Select the correct answer below.

a$.$

The company collected accounts receivable faster in $2023$ than in $2022.$

b$.$

The company collected accounts receivable slower in $2023$ than in $2022.$

c$.$

The company collected accounts receivable at the same rate in $2023$ as in $2022.$

QUESTION $4$

At December $31,2023$ the historical cost of leasehold improvements, property and equipment was $($in thousands$)$:

a$.$

$$4,152,060.$

b$.$

$$1,982,022.$

c$.$

$$2,170,038.$

d$.$

$$319,394.$

QUESTION $5$

At December $31,2023,$ the book value of Chipotle$$s leasehold improvements, property and equipment was $($in thousands$)$:

a$.$

$$4,152,060.$

b$.$

$$2,170,038.$

c$.$

$$1,982,022.$

d$.$

$$1,114,236.$

QUESTION $6$

For the year ended $12/31/2023,$ Chipotle recognized $\_\_\_\_\_\_\_\_$ of depreciation and amortization expense $($in thousands$).$

a$.$

$$1,982,022.$

b$.$

$$247,435.$

c$.$

$$319,394.$

d$.$

$$2,170,038.$

QUESTION $7$

As a proportion of total assets, Chipotle's leasehold improvements, property and equipment, net:

a$.$

increased from $2022$ to $2023.$

b$.$

decreased from $2022$ to $2023.$

c$.$

did not change from $2022$ to $2023.$

d$.$

cannot be determined

QUESTION $8$

Chipotle$$s depreciation method results in $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ book value being reported on the company$$s balance sheet early in an asset$$s useful life than compared to the accelerated depreciation methods.

a$.$

more

b$.$

less

c$.$

the same

QUESTION $9$

Chipotle$$s depreciation method results in $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ net income being reported on the company$$s income statement early in an asset$$s useful life than compared to the accelerated depreciation methods.

a$.$

the same

b$.$

less

c$.$

more

QUESTION $10$

During $2023$ Chipotle paid $\_\_\_\_\_\_\_$ cash for leasehold improvements, property and equipment.

a$.$

$$560,731($in thousands$).$

b$.$

$$946,009($in thousands$).$

c$.$

$$660,652($in thousands$).$

d$.$

$$0.$