Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

elected balance sheet, income statement and cash flow statement information from Tesla, Inc. for 2017 and 2016 follows ($ thousands). December 31 2017 2016 Cash

elected 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 $3,701,247 $3,726,549 Restricted cash 156,545 106,741 Net receivables 515,381 499,142 Inventory 2,263,537 2,067,454 Other current assets 268,365 194,465 Current assets 6,905,075 6,594,351 Current liabilities 7,674,670 5,827,005 Total liabilities 23,022,980 16,750,167 Stockholders' equity 5,965,725 6,247,242 Year ended December 31, 2017 Loss before income taxes $(2,209,032) Interest expense 504,592 Cash flows from operating activities (59,432) Capital expenditures (3,748,147) a. Compute the current ratio and quick ratio for each year. Note: Round answers to two decimal places. 2017 2016 Current ratio Answer 0 Answer 0 Quick ratio Answer 0 Answer 0 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 0 Answer 0 Times interest earned ratio Answer 0 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 0 thousand per day

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Government And Not For Profit Accounting Concepts And Practices

Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese

9th Edition

1119803896, 978-1119803898

More Books

Students also viewed these Accounting questions