Making Business Decisions: Comparing Two Companies in the Same Industry: Chipotle and Panera Bread Refer to the financial information for Chipotle and Panera Bread. Required: 1. From the below list of...

Making Business Decisions: Comparing Two Companies in the Same Industry: Chipotle and Panera Bread Refer to the financial information for Chipotle and Panera Bread. Required: 1. From the below list of assets for each of the company identify which are included in the balance sheet. Select Yes or No. Yes Assets Chipotle Panera Bread Leasehold improvements Yes ✓ Yes Machinery and equipment Yes Furniture and fixtures Yes Yes Computer hardware and software No Yes 2. What method is used by each company to depreciate the assets? Straight-line Why do you think each company has chosen the method it uses? because of its simplicity. 3. Determine Average life of assets, Average age of assets and Asset turnover for each company for the year 2014? If required, roun Chipotle Panera Bread Average life of assets 15.64 11.85 5.51 Average age of assets 5.57 Asset turnover 1.8 1.79 x The average life and age of assets have been consistent from year to year. The average age of the assets differs 4. What is the estimated life of Chipotle's and Panera Bread's assets? If the asset is not included in the companies balance sheet sele