Question: Need help with how the projected ratios compare to the prior year ratios? Explain the importance of this comparison for Historical Ratios Projected Ratios 12/31/2021

Need help with how the projected ratios compare to the prior year ratios? Explain the importance of this comparison for

Historical Ratios Projected Ratios
12/31/2021 12/31/2022 12/31/2018 12/31/2019 12/31/2020
Current Ratio 0.99 0.55 Current Ratio 12.27 20.05 27.84
Quick Ratio 0.96 0.52 Quick Ratio 12.24 20.02 27.81
Total Debt-to-Total-Assets Ratio 1.51 1.74 Debt-to-Total-Assets Ratio 0.30 0.19 0.14
Total Debt-to-Equity Ratio 1.90 1.96 Debt-to-Equity Ratio 0.42 0.24 0.16
Times-Interest-Earned Ratio 103 55 Times-Interest-Earned Ratio 409 409 409
Inventory Turnover 229.9 242.1 Inventory Turnover 242.1 242.1 242.1
Fixed Assets Turnover 4.27 4.43 Fixed Assets Turnover 4.43 4.43 4.43
Total Assets Turnover 2.60 3.23 Total Assets Turnover 0.55 0.36 0.26
Accounts Receivable Turnover 76 81 Accounts Receivable Turnover 81 81 81
Average Collection Period 4.82 4.52 Average Collection Period 4.52 4.52 4.52
Gross Profit Margin % 23% 24% Gross Profit Margin % 100% 100% 1
Operating Profit Margin % 11% 13% Operating Profit Margin % 100% 100% 100%
ROA % 33% 53% ROA % 55% 36% 26%
ROE % 42% 60% ROE % 78% 44% 31%

Chipotle Mexican grill from 2020-2022

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