Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Review the following comparative financial statements for Tesla Inc. for the years ended December 31, 2022, 2021, and 2020. Tesla Inc. 2022 2021 2020 Sales

Review the following comparative financial statements for Tesla Inc. for the years ended December 31, 2022, 2021, and 2020.

Tesla Inc.

2022

2021

2020

Sales

$81,462

$53,823

$31,536

Cost of Goods Sold

$54,123

$36,271

$20,524

Gross Profit

$27,339

$17,552

$11,012

Operating Expenses

$16,834

$11,497

$7,852

Net Income

$11,505

$6,055

$3,160

Requirements:

  1. Calculate the gross profit margin for each year.
  2. Determine the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Analyze the trends observed in the profitability of Tesla Inc. over the three-year period.

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

Step: 3

blur-text-image

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

Financial Statement Analysis and Security Valuation

Authors: Stephen Penman

5th edition

78025311, 978-0078025310

More Books

Students also viewed these Accounting questions

Question

How do organizationS develop an effeCtive SMiS? Appendix

Answered: 1 week ago