EBIT $1,994 SO Other Expenses $1,304 $870 Net Income $690 $(870) Balance Sheet Fiscal year is January - December. All Values are in Millions USD. 2021 2020 Assets Cash & Short-Term Investments $19,622 $6,514 Total Accounts Receivable $1,886 $1,324 Inventory $4,101 $3,552 Other Current Assets $1,108 $713 Total Current Assets $26,717 $12,103 Net Property, Plant & Equipment $23,375 $20,199 Total Investments and Advances $279 $270 Long-Term Notes Receivable $334 $402 Intangible Assets $520 $537 Other Assets $923 $798 Total Assets $52,148 $34,309 Liabilities & Shareholder's Equity Total Current Liabilities $14,248 $10,667 Long-Term Debt $10,888 $12,627 Other Liabilities $3,333 $2,905 Total Liabilities $28,469 $26,199 Total Equity $23,679 $8,110 Liabilities & Shareholder's Equity $52,148 $34,309 Used the values provided to calculate the following Financial Ratios:Question 3 0 pts Answer the following questions using the information below: Tesla Inc. is an American Electric vehicle and clean energy company. The following is a simplified financial statement for Tesla Inc. Income Statement Fiscal year is January - December. All Values are in Millions USD. 2021 2020 Sales Revenue $31,536 $24,578 Cost of Goods Sold (COGS) $24,906 $20,509 Gross Income $6,630 $4,069 Operating Expenses $4,636 $3,989 EBIT $1,994 $0 Other Expenses $1,304 $870 Net Income $690 $(870) Balance Sheet Fiscal year is January - December. All Values are in Millions USD. 2021 2020 Assets Cash & Short-Term Investments $19,622 $6,514 Total Accounts Receivable $1,886 $1,324 Inventory $4,101 $3,552 Other Current Assets $1,108 $713 Total Current Assets $26,717 $12,103 Net Property, Plant & Equipment $23,375 $20,199 Total Investments and Advances $279 $270