Comparing Two Companies in the Same Industry: Chipotle and Panera Bread This case should be completed after responding to the requirements in Decision Case 13-2. Refer to the financial statement information of Chipotle and Panera Bread reprinted at the back of the book. Required Using the format in Example 13-5, prepare common-size comparative income statements for 2014 and 2013, for Panera Bread. Use total revenues as the base (i.e., 100%). Round all percentages to the nearest one-tenth of a percent. The common-size comparative income statements indicate the relative importance of items on the statement. Compare the common-size income statements of Panera Bread and Chipotle. What are the most important differences between the two companies income statements? Using the format in Example 13-4, prepare common-size comparative balance sheets at the end of 2014 and 2013, for Panera Bread. Round all percentages to the nearest one-tenth of a percent. The common-size comparative balance sheets indicate the relative importance of items on the statement. Compare the common-size balance sheets of Panera Bread and Chipotle. What are the most important differences between the two companies balance sheets?

Answer ALL the questions in this section. QUESTION 1 Read the information below and answer the following questions INFORMATION The following statement of comprehensive income for the financial year ended 31 December 2021 and the statement of financial position as at 31 December 2021 have been provided by Midas Enterprises: Statement of comprehensive income for the year ended 31 December 2021 1 Sales Cost of sales Gross profit Variable selling and administrative expenses Fixed selling and administrative expenses Net profit R 10 000 000 (5 750 000) 4 250 000 (1 500 000) (500 000) 2 250 000 Statement of financial position as at 31 December 2021 ASSETS Non-current assets Property, plant and equipment Current assets Inventories Accounts receivable Cash EQUITY AND LIABILITIES Equity Current liabilities Accounts payable R 800 000 800 000 3 400 000 1 600 000 600 000 1 200 000 4 200 000 3 760 000 440 000 440 000 4 200 000 Additional information: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. The sales budget…

Earnings per Share Return on Assets Return on Equity Price Earnings Ratio 4. Calculate the % Increase / Decrease in profits for each Year (versus the prior year) using the following information: Year 1 Year 2 Year 3 000'000$ 000's Sales 000'00 5. What are the 3 types of manufacturing costs? Define each type of cost. 6. What are period costs? Give 3 examples of period costs for an automobile manufacturer. 7. What are product costs? Give 3 specific examples of product costs for an automobile manufacturer. 8. Refer to the following information: Rent on factory Raw materials used in production Factory supervisor's salary Finance manager's salary Rent for the sales office Electricity for the factory Wages for production staff Factory maintenance wages Costs of shipping finished goods to customers $425,000 000'00T$ 000'SL$ GBM-2 HRESHRM $7,500 000'oS$ 000'00s$ $500,000 Identify which costs are product costs, and which are period costs. For the product costs, identify which are direct and…

Compute profit margin for each of the 3 separate companies. Which company is the most profitable based on the profit margin ratio? Net income Net sales Total assets Kerr $ 6,450 43,000 48,000 Jax $ 1,640 41,000 45,000 Profit Margin Conclusion Bron $ 3,420 38,000 43,000 Complete this question by entering your answers in the tabs below. Compute profit margin for each of the 3 separate companies. Company Profit Margin (%) Kerr Jax Bron

TASK THREЕ: Income Statement for the year ended 31 December 2020 Edward Frankie Company Company $ Sales 100,000 80,000 Less: Cost of goods sold 60,000 50,000 Gross Profit 40,000 30,000 Less: Expenses 36.000 18,000 Net Profit 4.000 12,000 1. Calculate the gross profit ratio, net profit ratio and expense to sales ratio for each of the company respectively. 2. Comment the profitability of the two companies.

Lewis Company has a condensed income statement as shown below. Sales Wages expense Rent expense Utilities expense Total operating expenses Net income Year 2 $178,400 $100,000 33,000 30,000 Sales Wages expense Rent expense Utilities expense $163,000 $15,400 Required: Prepare a horizontal analysis of Lewis Company's Income statements. Comment on the trends, both favorable and unfavorable. If required, round your answers to one decimal place. For those boxes in which you must enter subtractive or negative numbers use a minus sign. Year 1 $162,500 $92,500 30,000 25,000 $147,500 $15,000 Lewis Company Income Statement Year 2 Year 1 Increase/ (Decrease) Amount Percent Change 600 G

Preparing common-size income statement Data for Connor Inc and Alto Corp follow: Requirements Prepare common-size income statements. Which company earns more net income? Which company’s net income is a higher percentage or its net sales revenue?

The graph of a company's profit function is shown. Use the graph to answer the following questions about points A, B, and C. P(x) 5000 P(x) 3000 + 1000 100 -1000 +A 200 300 400 Units Dollars

Income statements for Walton Company for Year 3 and Year 4 follow: WALTON COMPANY Income Statements. Sales Cost of goods sold. Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income Required A Required B Year 4 $200, 300 143,300 20,900 12,900 3,200 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income $180,300 $160,300 20,000 20,000 3,300 5,600 $ 14,400 $ 16,700 Complete this question by entering your answers in the tabs below. Year 3 $180,300 X Answer is complete but not entirely correct. Perform a vertical analysis, showing each income statement component as a percentage of…