Chipotle Mexican Grill began with a single location in 1993 and now operates more than...
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Chipotle Mexican Grill began with a single location in 1993 and now operates more than 2,450 restaurants. Adapted versions of the company's income statements (in $000 s) are as follows: Prepare a common-size income statement for each year. (Round answers to 1 decimal place, e.g. 50.1\%.) 2017 Revenue % % Restaurant operating costs Food, beverage, and packaging % % Labor % % Occupancy % % Other operating costs % % General and administrative expenses % % Depreciation and amortization % % Pre-opening costs % % Loss on disposal of assets Total operating expenses Income from operations Interest and other income (expense), net % % Income before income taxes % % Provision for income taxes % % % Net income
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