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Prepare a classified balance sheet for Tesla, Inc. as of December 31, 2023. Calculate the Working Capital. Calculate the Debt-to-Assets Ratio. Item Amount ($) Cash
- Prepare a classified balance sheet for Tesla, Inc. as of December 31, 2023.
- Calculate the Working Capital.
- Calculate the Debt-to-Assets Ratio.
Item | Amount ($) |
Cash | 1,000,000 |
Accounts Receivable | 500,000 |
Inventory | 300,000 |
Property, Plant, and Equipment | 2,500,000 |
Intangible Assets | 600,000 |
Accounts Payable | 400,000 |
Short-term Debt | 300,000 |
Long-term Debt | 1,200,000 |
Common Stock | 800,000 |
Retained Earnings | 1,200,000 |
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Using the given data, prepare the classified balance sheet for Tesla, Inc. as of December 31, 2023. Calculate the Working Capital and the Debt-to-Assets Ratio.Step by Step Solution
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