Using Chipotle’s 2022 Balance Sheet (from the 10K you have been reading), please estimate the following (and provide a descriptive explanation where necessary).

Remember there is no single correct answer –only better ones than others based on the logic you used to arrive at your estimate.

Operating Assets $______________ (this means you need to remove financial assets).

I assumed the operating cash was $______________ (please review pages 218 and 222/223 in the textbook to understand the operating cash balance)

Operating Liabilities ________________

Net financial liabilities ______________________