Exploring a Corporation$$s Financial Statements

Use Yahoo Finance to complete this assignment. Please note that website information changes over time, and these changes may limit your ability to answer some of these questions.

Using financial websites such as finance.yahoo.com and money.msn$.$com, you can access a wealth of financial information for companies such as Tesla, Inc. By entering the company$$s ticker symbol, TSLA, you will be able to access a great deal of useful information, including a summary of what Tesla does $($Profile$),$ a chart of its recent stock price $($Summary$),$ EPS estimates $($Analysts$),$ recent news stories $($Summary$),$ and a list of key financial data and ratios $($Statistics$).$

In researching a company$$s operating performance, a good place to start is the recent stock price performance. From an interactive chart, you can obtain a chart of the company$$s stock price performance and compare it to the overall market $($as measured by the S&P $500$ index$).$ As you will see, Tesla has had its ups and downs. But the company$$s overall performance has been strong during the past couple of years.

You can also find Tesla$$s recent financial statements $($Financials$).$ Typically, you can find annual balance sheets, income statements, and cash flow statements for $3$ years. Quarterly information is also available.

Requirements $($answer each question fully and with details$).$

$1.$ Choose a company that is publicly traded. Email me your company. No one can have the same company. I will let you know if your company is available. You will use Yahoo Finance for gathering information.

Tesla

$2.$ What are the dates of the financials you are using.

$12/31/2023$

$3.$ Looking at the most recent year available, what is the amount of total assets on your company$$s balance sheet? What percentage is fixed assets, such as plant and equipment? What percentage is current assets? $($Percentage is found by taking the amount and dividing by the total$).$ Has the company grown over the past year? If so$,$ in what areas has it grown?

Total Assets: $106,618,000$ Percentage of Fixed assets: $56\mathrm{.}47\%($based on gross PPE$)$

Current Assets: $46\mathrm{.}54\%$

Tesla has grown over the past year. Total assets, common stock equity, and working & invested capital have all increased. On the other hand, their total liabilities and debt have also risen.

$4.$ Does the company have very much long$-$term debt? What are the primary ways in which the company has financed assets?

$5.$ Looking at the statement of cash flows, what factors can explain the change in the company$$s cash position over the last couple of years?

$6.$ Calculate the company$$s current ratio and quick ratio. What do the ratios say about the company?

$7.$ Calculate the company$$s debt$-$to$-$equity ratio. What does the ratio say about the company?

$8.$ Calculate the company$$s return on equity. What does the ratio say about the company?

$9.$ Who would be your company$$s competitors? Why?