Q32-35

INSTRUCTIONS FOR THE 16 QUESTIONS THAT FOLLOW THE FINANCIAL STATEMENTS. Using Tesla's Income Statement and Balance Sheet (provided in the next two questions) answer the following questions. THE FINANCIAL STATEMENTS WILL BE REPEATED EVERY 4 QUESTIONS FOR EASE OF USE DURING THE EXAMINATION. All answers will be entered into Canvas EXACTLY AS THEY APPEAR ON THE FINANCIAL STATEMENTS. AGAIN, ALL AMOUNTS SHOULD BE ENTERED AS THEY APPEAR IN THE FINANCIALS. NUMBERS IN BRACKETS ARE NEGATIVE AMOUNTS FOR CANVAS ANSWERS ROUND TO 2 DECIMAL PLACES, AS NEEDED. PAY CLOSE ATTENTION TO DATES. ASSUME TOTAL REVENUES AND NET SALES ARE THE SAME FOR USE IN RATIOS Tesla, Inc. Consolidated Balance Sheets (In millions, except per share data) December 31 2019 December 31, 2016 Assets Current assets Cash and cash equivalents Restricted cach Accounts receivable.net the lowance for doubtful accounts of 5101 and (520), respectively, for 2019 and 2018 Inventory Prepaid expertises and other current assets Total current assets Operating lease vehicles, bet Solar energy systems, net Property, plant and equipment, net of Accumulated Depreciation (53.734) and 152,091, respectively. tor 2019 and 2018 Operating laseght-oues Intangibles, et Goodwill Mywer customer notes receivable net of current portion Restricted cash, sete current portion Othew Total assets 6.268 240 1.324 3.552 713 12.103 2.447 6,138 10.396 1.218 339 198 3.686 193 919 3,113 366 8.307 2.090 6.271 11.330 393 269 108 34,300 282 68 422 398 572 29,740 Liabilities Current liabilities Accounts payable Accred liabilities and other Deferred reve Resale value guarantees Customer deposits Current portion of debt and finance leases Total current liabilities Debt dance lase, not of current portion Deferred reve, net of current portion Resalevale quarantees, set of current portion Other long term liabilities Total liabilities 3.771 2,905 1.163 317 726 1.785 10,667 11,634 1.207 36 2655 26.199 3.405 2,094 630 503 793 2.568 9.990 9.404 991 329 2.710 23.422 Testa, Inc. Consolidated Statements of Operations in millions, except per share data) Year Ended December 31 2018 2019 2012 $ 19,952 869 20.821 1,531 2.226 24.578 17,632 883 18.515 1,555 1.391 21.461 8.535 1.107 9,642 1.116 1.001 11,759 Revenues Automotive sales Automotive leasing Total automotive revenues Energy generation and storage Services and other Total revenues Cost of revenues Automotive sales Automotive leasing Total automotive cost of revenues Enervy generation and storage Services and other Total cost of revenues Gross profit Operating expenses Research and development Selling general and administrative Bestructuring and other Total operating expenses Loss from operations Interest income Intereste Other income penenet Loss before income taxes Provision for income taxes Netlos 15.939 459 16,398 1,341 2.770 20.509 4.069 13,686 48.3 14,174 1.365 1,380 17.419 4.042 6,725 708 7.433 874 1.229 9,536 2.223 1.378 2.477 1.343 2.646 149 4,130 (69) 1.460 2.835 135 4.4.10 (388) 24 (685) 45 (663) 110 (775) 22 11.005) 3.855 (1.632) 19 (471) (125) (2.209) 32 2.241) (1.063) Question 32 3 pts Calculate the Current Ratio as of 12/31/19 >>>Current Assets / Current Liabilities Question 33 3 pts Calculate the Gross Margin Ratio for the year ended 12/31/2019 >>> Total Revenues - Cost of Revenues/Total Revenues Question 34 3 pts Calculate the Days Sales in Inventory as of 12/31/19 >>> Inventory /Total Revenues * 365 D Question 35 3 pts What is the amount of Interest Expense for the year ended 12/31/18