Q36-Q39

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 2018 3.686 190 99 3,113 Assets Current as Cash and cash equivalents Restricted cash Accounts receivable, not the owce for doubtful accounts of ($10 and 15201 respectively, for 2019 and 2018 Investory Prepaid expenses and the current Total current Operating lase veide, et Property, plod wyment, net et Accumulated Deeromon (52.7941 and 182 cm. respectively.tor 2013 and 2018 Operating lease right of seases Tetang Goodwia MyTower Custom of current portion Restricted that of current portion Othe Total Labilities Current liabilities Nos payable Accro abits and other Deferred tasatile action purates Customer deposits Cum portion of debt and financeses Totalca De set of current portion Deere tutto Pellent current partie Othet og timia Total abilities 6.268 246 1324 31552 713 1E100 2447 6,138 10.396 1.218 139 190 393 269 000 344100 366 1307 2.090 6.271 11330 282 60 422 390 572 29,740 3.771 2.05 1.163 312 726 1.785 1067 11.634 1207 36 2655 26199 3.405 2,094 630 503 790 2.568 9993 104 991 329 2.710 21421 Tesla, Inc. Consolidated Statements of Operations (in millions, except per share data) Year Ended December 2018 2019 2017 $ 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 gederation and storage Services and other Total revenues Cost of revenues Automotive sales Automotive leasing Total automotive cost of revenues Energy generation and storage Services and other Total cost of renes Gross profit Operating expenses Research and development Selling general and administrative Restructuring and other Total operating expenses Los from operations Interest income Interest expense Other income Loss before income taxes Provision for income Net loss 15.939 459 16,318 1,341 2.270 20.509 4,069 13.686 488 14,174 1,365 1,880 17.419 4,012 6,725 200 7.433 674 1.220 9,536 2.223 1.378 2.477 1.343 2.646 149 4.136 (69) 44 (685) 45 (665) 110 (775) 1.460 2.835 135 4.430 (388) 24 (663) 22 (1.005) 55 (1.063) 3,855 (1.632) 19 (471) (125) 12.209) 32 (2.24 Question 36 3 pts Calculate the Days' Sales Uncollected as of 12/31/19 >>> (Accounts Receivable (remember to add back allowance for doubtful accounts amount) / Total Revenue) * 365 D Question 37 3 pts Calculate the Total Asset Turnover ratio as of 12/31/19 = Schematic below shows the basic formula for your aide (2) - HINT: Bracketed part of formula is an average of a particular asset. "Turnover" is Europe is commonly used in reference to revenues. Question 38 3 pts Calculate the Accounts Receivable (i.e. net receivables presented plus the allowance for doubtful accounts) turnover ratio as of 12/31/19? Schematic below shows the basic formula for your aide . /2) = HINT: Look at HINT from prior question and apply to this ratio. Question 39 3 pts Using the Income statement, which of the following statements would best describes Tesla's operating performance. Tesla's operating performance is neutral...neither improving or declining Tesla's total revenues and net losses indicate an improving operating performance Tesla's total revenues and net losses indicate a declining operating performance