Using Project information below I need to complete the calculations for determining working capital, and describe their relevance in assessing financial health.

Working Capital = CURRENT Assets - CURRENT Liabilities

Specifically, must address the following rubric criteria:

• Financial Statement(s): Explain the various financial statement(s) needed to calculate a business's working capital and how each financial statement is used. Provide examples to support your claims. (Balance sheet below)
• Working Capital's Role: Discuss how effective working capital management supports a healthy business.
• Working Capital Interpretation: Use the appropriate formula to calculate working capital, then discuss the business's current financial liquidity position. For example, does the business have sufficient working capital on hand to address bills to suppliers? Will there be potential cash inflow at the end of the year?
• Working Capital Management Trend: Discuss the current direction of the business regarding working capital management.

Keep in mind that financial statements reflect a specific moment or period of time and the value of the business's working capital during that period.To get a better understanding of the direction in which a business is going, use the business's balance sheets to compare the business's working capital today against its working capital from one year ago to obtain a "trend" and then discuss the trend!

Chipotle Mexican Grill Inc (NYS: CMG)
Exchange rate used is that of the Year End reported date
As Reported Quarterly Balance Sheet
Report Date	06/30/2024	06/30/2023
	2nd Quarter	2nd Quarter
Currency	USD	USD
Audit Status	Unaudited	Unaudited
Consolidated	Yes	Yes
Scale	Thousands	Thousands
Cash and cash equivalents	806528	-
Cash & cash equivalents	-	504866
Accounts receivable, gross	97542	-
Accounts receivable, net	-	60985
Inventory	35560	-
Inventory	-	36004
Prepaid expenses & other current assets	-	103422
Income tax receivable	71529	-
Investments	683287	851142
Prepaid expenses and other current assets	91852	-
Total current assets	1786298	1556419
Leasehold improvements, property & equipment, net	2265694	2021964
Long term investments	972644	430762
Restricted cash	27664	25106
Operating lease assets	3770997	3433719
Other assets	74599	62526
Goodwill	21939	21939
Investments in Associates, Joint Ventures and Unconsolidated Subsidiaries	-	-
Other Assets - Balancing value	-	-
Total assets	8919835	7552435
Accounts Payable	203480	-
Accounts payable	-	162041
Accrued payroll and benefits	223410	-
Accrued payroll & benefits	-	177475
Accrued liabilities	169631	141291
Unearned revenue	182331	158959
Current operating lease liabilities	264304	244061
Income tax payable	-	98423
Total current liabilities	1043156	982250
Long-term operating lease liabilities	4014454	3643931
Deferred income tax liabilities	83298	106440
Other liabilities	67107	52928
Total liabilities	5208015	4785549
Common stock	13713	375
Additional paid-in capital	2023802	1880933
Treasury stock	-	-
Treasury stock, at cost	-	4569152
Accumulated other comprehensive loss	-8514	-
Accumulated other comprehensive income (loss)	-	-6952
Retained earnings	1682819	-
Retained earnings (accumulated deficit)	-	5461682
Total shareholders' equity	3711820	2766886
Total Equity	3711820	-

Financial Calculations

Ratio	Most Recent Fiscal Qtr	Same Fiscal Qtr 1 Year Ago
Working Capital	$743,142	$574,169
Current Ratio	1.71	1.58
Debt Ratio	0.58	0.63
Earnings Per Share (EPS)	$0.33	$0.25
Price-Earnings Ratio (P/E)	188.55	172.70
Total Asset Turnover Ratio	.33	.33
Financial Leverage	2.40	2.72
Net Profit Margin	15.33%	13.60%
Return on Assets (ROA)	5.11%	4.5%
Return on Equity (ROE)	12.28%	12.35%