Question
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet, income statement and cash flow statement information from Tesla, Inc. for 2017 and 2016 follows
Compute and Interpret Liquidity and Solvency Ratios
Selected balance sheet, income statement and cash flow statement information from Tesla, Inc. for 2017 and 2016 follows ($ thousands).
December 31 | 2017 | 2016 |
---|---|---|
Cash and cash equivalents | $3,812,358 | $3,837,660 |
Restricted cash | 157,656 | 107,852 |
Net receivables | 515,381 | 499,142 |
Inventory | 2,263,537 | 2,067,454 |
Other current assets | 268,365 | 194,465 |
Current assets | 7,017,297 | 6,706,573 |
Current liabilities | 7,674,670 | 5,827,005 |
Total liabilities | 23,022,980 | 16,750,167 |
Stockholders' equity | 6,076,836 | 6,538,353 |
Year ended December 31, | 2017 |
---|---|
Loss before income taxes | $(2,209,032) |
Interest expense | 515,703 |
Cash flows from operating activities | (58,321) |
Capital expenditures | (3,859,258) |
a. Compute the current ratio and quick ratio for each year.
Note: Round answers to two decimal places.
2017 | 2016 | |
---|---|---|
Current ratio | Answer | Answer |
Quick ratio | Answer | Answer |
b. Compute the debt-to-equity ratio for 2017 and 2016 and the times-interest-earned ratio for 2017.
Note: Round answers to two decimal places. Use a negative sign with your answer, if appropriate.
2017 | 2016 | |
---|---|---|
Debt-to-equity ratio | Answer | Answer |
Times interest earned ratio | Answer |
c. Compute the cash burn rate for 2017.
Note: Round answer to the nearest whole number. Use a negative sign with your answer, if appropriate.
$Answer thousand per day
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