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Consider the financial data of Tesla, Inc. for the fiscal year ending December 31, 2023, as presented in the table below. Answer the following questions:
Consider the financial data of Tesla, Inc. for the fiscal year ending December 31, 2023, as presented in the table below. Answer the following questions:
Metric | Value (in millions) |
Revenue | $30,000 |
Cost of Goods Sold (COGS) | $18,000 |
Gross Profit | |
Operating Expenses | $8,000 |
Net Income | $5,000 |
Total Assets | $120,000 |
Total Liabilities | $70,000 |
Shareholders' Equity |
Requirements:
- Calculate the Gross Profit for Tesla, Inc.
- Determine the Gross Profit Margin as a percentage of revenue.
- Compute the Return on Assets (ROA) and Return on Equity (ROE) for Tesla, Inc.
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