Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

Exercise 13

Chipotle: Vertical analysis
Chipotle Mexican Grill, Inc. is a quick-service restaurant providing a focused menu of burritos, tacos, and salads. Chipotle's balance sheets for the end of two recent years are as follows (in thousands):

A. Prepare a vertical analysis of the two balance sheets. (Round percentages to one decimal place.)
B. Interpret the vertical analysis with respect to the change in the percent of asset, liability, and stockholders' equity components to total assets. (Treasury stock will be discussed in a later chapter and may be omitted from your analysis.)