Decision Case 13-3 Comparing Two Companies in the Same Industry: Chipotle and Panera Bread Financial Statement Analysis LO3 This case should be completed after responding to the requirements in . Refer to the financial statement information of Chipotle and Panera Bread reprinted at the back of the book. Required Using the format in , prepare common-size comparative income statements for 2015, for Panera Bread. Use total revenues as the base (i.e., 100%). Round all percentages to the nearest one-tenth of a percent. example below Financial Statement Analysis The common-size comparative income statements indicate the relative importance of items on the statement. Compare the common-size income statements of Panera Bread and Chipotle. What are the most important differences between the two companies income statements? Using the format in , prepare common-size comparative balance sheets at the end of 2015, for Panera Bread. Round all percentages to the nearest one-tenth of a percent. example below Financial Statement Analysis The common-size comparative balance sheets indicate the relative importance of items on the statement. Compare the common-size balance sheets of Panera Bread and Chipotle. What are the most important differences between the two companies balance sheets?