Answered step by step
Verified Expert Solution
Question
1 Approved Answer
As of December 31, 2022, Tesla Inc. presents the following: Balance Sheet: Cash: $19 billion Accounts Receivable: $5 billion Inventory: $10 billion Total Current Assets:
As of December 31, 2022, Tesla Inc. presents the following:
- Balance Sheet:
- Cash: $19 billion
- Accounts Receivable: $5 billion
- Inventory: $10 billion
- Total Current Assets: $34 billion
- Total Assets: $100 billion
- Accounts Payable: $12 billion
- Current Liabilities: $5 billion
- Long-term Debt: $15 billion
- Shareholders’ Equity: $68 billion
- Income Statement:
- Revenue: $90 billion
- Cost of Goods Sold: $60 billion
- Operating Expenses: $20 billion
- Interest Expense: $1 billion
- Tax Rate: 20%
Requirements:
- Calculate the current ratio.
- Determine the gross profit margin.
- Compute the debt-to-equity ratio.
- Evaluate the net income.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started