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, FIN 320 Module Two Journal Guidelines and Rubric Overview In Project Two, you'll analyze and evaluate a business's financial health. You'll also recommend financing options that improve the company’s financial health. Use the Project Two Business Options List to choose the business that you'll examine in Project Two. Then use Mergent Online to locate the most recent quarterly financial statements for the business: the balance sheet, the income statement, and the cash flow statement. To succeed in your Project Two assignment, you will need to understand the role of financial statements and how they help a business determine its financial health. You will also need to explain why cash flow management is important to the financial health of a business. Directions Write a brief journal that introduces the business you chose for your Project Two assignment. Specifically, you must address the following rubric criteria: + Business Selection: Describe the business you chose, including the business name and what the business offers consumers. + Financial Statements: Using Mergent Online, download and submit a copy of the balance sheet, the income statement, and the cash flow statement from the most recent fiscal quarter for the business you chose. + Financial Statement Role: Explain why financial statements are important to a business and how they help businesses determine their financial health. + Cash Flow Management: Explain why cash flow management is important to a business and its financial health. Use a financial news story from the past two months as an example to support your claims. What to Submit Your journal submission should be a 3- to 4-paragraph Word document with 12-point Times New Roman font, double spacing, and one-inch margins. Any sources should be cited according to APA style. Also submit the Excel files for your chosen business's balance sheet, income statement, and cash flow statement from Mergent Online. Untitled Spreadsheet asreported Powered by Clearbit Chipotle Mexican Grill Inc (NYS: CMG) Exchange rate used is that of the Year End reported date As Reported Quarterly Balance Sheet Report Date03/31/202309/30/202206/30/202203/31/202209/30/202106/30/202103/31/2021 1st Quarter3rd Quarter2nd Quarter1st Quarter3rd Quarter2nd Quarter1st Quarter CurrencyUSDUSDUSDUSDUSDUSDUSD Audit StatusUnauditedUnauditedUnauditedUnauditedUnauditedUnauditedUnaudited ConsolidatedYesYesYesYesYesYesYes ScaleThousandsThousandsThousandsThousandsThousandsThousandsThousands Cash & cash equivalents409727366623520933615863721109668269694776 Accounts receivable, net 65869712768363689295760997569768449 Inventory34599337522945629852284502515924304 Prepaid expenses & other current assets98389764397371670403728217161361615 Income tax receivable-1120649787450701318593284612244122 Investments652858417278240684240379301534322460363585 Total current assets1261442107743210462991096493151860614478101456851 Leasehold improvements, property & equipment, net1981329187162318133481779521171922416661841613670 Long term investments368023442620359911333088188344150814110928 Restricted cash25133309743089530872278912787727863 Operating lease assets3334277330905132099343147061309404529459122858345 Other assets61229637986301058283575185991859463 Goodwill21939219392193921939219392193921939 Total assets7053372681743765453366467257662756763204546149059 Accounts payable182606167842158581168905171712140251147417 Accrued payroll & benefits116465128495161052172454190912225104221677 Accrued liabilities160436156455148614136655153233143469145627 Unearned revenue157898133118132446132421120423113016110197 Current operating lease liabilities239029231947230930223303214684213646209086 Income tax payable37658------ Total current liabilities894092817857831623833738850964835486834004 Long-term operating lease liabilities3532566349722133934233331319327487531345553040176 Deferred income tax liabilities98137133255126239127729148395133510135929 Other liabilities46892417233985240511424254274541419 Total liabilities4571687449005643911374333297431665941462964051528 Common stock374373373373371370369 Additional paid-in capital1849683180793817823031753328169080616541951606501 Treasury stock, at cost4480833407655539692213702023317079830674582908111 Accumulated other comprehensive income (loss)-7431-8896-6639-5159-5143-4187-4492 Retained earnings (accumulated deficit)5119892460452143473834087441379567235912383403264 Total shareholders' equity2481685232738121541992133960231090821741582097531 Untitled Spreadsheet asreported Powered by Clearbit Chipotle Mexican Grill Inc (NYS: CMG) Exchange rate used is that of the Year End reported date As Reported Quarterly Cash Flow Report Date03/31/202309/30/202206/30/202203/31/202209/30/202106/30/202103/31/2021 1st Quarter3rd Quarter2nd Quarter1st Quarter3rd Quarter2nd Quarter1st Quarter CurrencyUSDUSDUSDUSDUSDUSDUSD Audit StatusUnauditedUnauditedUnauditedUnauditedUnauditedUnauditedUnaudited ConsolidatedYesYesYesYesYesYesYes ScaleThousandsThousandsThousandsThousandsThousandsThousandsThousands Net income (loss)291644675374418236158294519509315075127101 Depreciation & amortization765852128141413987166518839512520463122 Amortization of operating lease assets-----10548549269 Deferred income tax provision (benefit)-486-8567-15537-14024-1024-15884-13482 Impairment, closure costs, & asset disposals815215127885142651248382354937 Provision for credit losses500-969-876-918733-220-275 Stock-based compensation expense2008477371522212359013874110268055390 Other adjustments-2810-13045-11909-998253424672180 Accounts receivable39659228911235310394218823728632175 Inventory1086-105633202970-199613092148 Prepaid expenses & other current assets-14569-31699485920-19343-18186-8756 Operating lease assets5913517146411250555125151628-- Other assets3277-1537-3014-11321901117-186 Accounts payable-273210774-297215702287121252519446 Accrued payroll & benefits-53428-32861-58310438-131932106818188 Accrued liabilities17009-16562-22293-31151-7407-20102-17869 Unearned revenue-22653-18141-20062-21604-2978-11487-15606 Income tax payable or receivable85400-18070-383243367-35850-185138640 Operating lease liabilities-51584-153200-100024-49596-141540-101818-50902 Other long-term liabilities7672968958595474955453 Net cash flows from operating activities455036921606569688282902843661562858305973 Purchases of leasehold improvements, property & equipment-120369-335518-196495-96162-320569-212123-86619 Purchases of investments-214819-513813-195242-118827-288899-190920-90477 Maturities of investments996392029971425408192324344116204560593 Proceeds from sale of equipment----28852885- Net cash flows from investing activities-235549-646334-249197-133066-363142-238113-116503 Acquisition of treasury stock-126709-629775-521910-263308-300733-203151-57229 Tax withholding on stock-based compensation awards-67185-92374-91905-85811-63492-58860-44810 Other financing activities11-586-588-359-2342-2208-221 Net cash flows from financing activities-193883-722735-614403-349478-366567-264219-102260 Effect of exchange rate changes on cash, cash equivalents & restricted cash290-1170-490147-788-216-407 Net change in cash, cash equivalents, & restricted cash25894-448633-294402-1994951131646031086803 Cash, cash equivalents, & restricted cash at beginning of period408966846230846230846230635836635836635836 Cash, cash equivalents, & restricted cash at end of period434860397597551828646735749000696146722639 Income taxes paid-24522745213917722911630691082476909 Untitled Spreadsheet asreported Powered by Clearbit Chipotle Mexican Grill Inc (NYS: CMG) Exchange rate used is that of the Year End reported date As Reported Quarterly Income Statement Report Date03/31/202309/30/202206/30/202203/31/202209/30/202106/30/202103/31/2021 1st Quarter3rd Quarter2nd Quarter1st Quarter3rd Quarter2nd Quarter1st Quarter CurrencyUSDUSDUSDUSDUSDUSDUSD Audit StatusUnauditedUnauditedUnauditedUnauditedUnauditedUnauditedUnaudited ConsolidatedYesYesYesYesYesYesYes ScaleThousandsThousandsThousandsThousandsThousandsThousandsThousands Food & beverage revenue2351009220233621928021998956193240918693651715990 Delivery service revenue17571178392053721583199062317325585 Total revenue2368580222017522133392020539195231518925381741575 Restaurant operating costs - food, beverage & packaging692559662540673928626926591332574478522671 Restaurant operating costs - labor583794557178549926531940502757464506433669 Restaurant operating costs - occupancy121931115826113919112032104223103430101769 Restaurant operating costs - other operating costs363206322085317481330695294650287242294710 General & administrative expenses148340140896140820147402145930146044155103 Depreciation & amortization expenses76585714166973371665631916208263122 Pre-opening costs6198761852535348589449653421 Impairment, closure costs, & asset disposals8361636346814310465842665668 Total operating expenses2000974188392218757411830318171263516470131580133 Income (loss) from operations367606336253337598190221239680245525161442 Interest & other income (expense), net8949371210572-213-126851-2168 Income (loss) before income taxes376555339965348170190008239554246376159274 Provision (benefit) for income taxes84911828278822831714351205840232173 Net income (loss)291644257138259942158294204434187974127101 Weighted average shares outstanding - basic27624277732790528043281502813428125 Weighted average shares outstanding - diluted27788279562809228301284752850128582 Year end shares outstanding27601277512780427984281552809828159 Net earnings (loss) per share - basic10.569.269.325.647.266.684.52 Net earnings (loss) per share - diluted10.59.29.255.597.186.64.45 FIN 320 Project Two Business Options List Choose one of the following businesses to use in Project Two. You’ll also use this business in the Module Two Journal and the Project Two Milestone. Business Options • Johnson & Johnson (JNJ) • Disney (DIS) • Meta Platforms Inc (META) • Kellogg (K) • Tesla (TSLA) • Microsoft (MSFT) • Chipotle Mexican Grill (CMG) FIN 320 Project Two Business Options List Business Options