QUESTION $1$

Calculate Chipotle's return on assets ratio $($net income $/$ total assets$)$ for both $2022$ and $2023.$ Round to the nearest whole percent. Based on the company's return on assets ratio, the company's management:

a$.$

used its assets more efficiently to generate earnings in $2023$ than in $2022.$

b$.$

used its assets less efficiently to generate earnings in $2023$ than in $2022.$

c$.$

used its assets as efficiently to generate earnings in $2023$ as in $2022.$

d$.$

none of the above.

QUESTION $2$

Chipotle increased which account when it originally issued shares of its stock for cash?

a$.$

Retained earnings

b$.$

Shareholders' equity

c$.$

Common stock

d$.$

Revenues

QUESTION $3$

At December $31,2023,$ Chipotle's shareholder claims to the company's assets totaled $($in thousands$)$ :

a$.$

$$375.$

b$.$

$$1,956,535.$

c$.$

$$6,056,985.$

d$.$

$$3,062,207.$

QUESTION $4$

At December $31,2023,$ Chipotle's paid$-$in capital totaled:

a$.$

$$3,062,207($in thousands$).$

b$.$

$$6,056,985($in thousands$).$

c$.$

$$1,956,160($in thousands$).$

d$.$

$$1,956,535($in thousands$).$

QUESTION $5$

Chipotle's undistributed earnings at December $31,2023$ were $($in thousands$)$:

a$.$

$$560,609.$

b$.$

$$1,228,737.$

c$.$

$$6,056,985.$

d$.$

$$1,956,535.$

QUESTION $6$

Chipotle did not declare any dividends during $2023.$

True

False

QUESTION $7$

Did Chipotle pay cash to repurchase any of its common stock shares during $2023?$

a$.$

Yes

b$.$

No

QUESTION $8$

During $2023$ Chipotle's largest source of cash was from:

a$.$

operating activities

b$.$

investing activities

c$.$

financing activities

QUESTION $9$

Chipotle's cash$-$based net income for $2023$ was $($in thousands$)$:

a$.$

$$1,228,737.$

b$.$

$$1,783,477.$

c$.$

$$560,609.$

d$.$

cannot be determined.