Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Company: Tesla, Inc. Tesla, Inc. reported the following financial information for the year ending December 31, 2023: Total Revenue: $150 billion Cost of Goods Sold

ยทCompany: Tesla, Inc.

Tesla, Inc. reported the following financial information for the year ending December 31, 2023:

  • Total Revenue: $150 billion
  • Cost of Goods Sold (COGS): $80 billion
  • Operating Expenses: $40 billion
  • Other Income: $15 billion
  • Tax Expense: $20 billion

a) Calculate the gross profit. b) Determine the operating profit. c) Compute the net profit before tax. d) Calculate the net profit after tax, assuming a tax rate of 25%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Supply Chain Management Strategy Planning And Operation

Authors: Sunil Chopra

7th Global Edition

9781292257891

Students also viewed these Accounting questions