Question
Selected balance sheet, income statement and cash flow statement information from Tesla, Inc. for 2017 and 2016 follows ($ thousands). December 31 2017 2016 Cash
Selected balance sheet, income statement and cash flow statement information from Tesla, Inc. for 2017 and 2016 follows ($ thousands).
December 31 | 2017 | 2016 |
---|---|---|
Cash and cash equivalents | $3,701,247 | $3,726,549 |
Restricted cash | 156,545 | 106,741 |
Net receivables | 515,381 | 499,142 |
Inventory | 2,263,537 | 2,067,454 |
Other current assets | 268,365 | 194,465 |
Current assets | 6,905,075 | 6,594,351 |
Current liabilities | 7,674,670 | 5,827,005 |
Total liabilities | 23,022,980 | 16,750,167 |
Stockholders' equity | 5,965,725 | 6,247,242 |
Year ended December 31, | 2017 |
---|---|
Loss before income taxes | $(2,209,032) |
Interest expense | 504,592 |
Cash flows from operating activities | (59,432) |
Capital expenditures | (3,748,147) |
a. Compute the current ratio and quick ratio for each year.
Note: Round answers to two decimal places.
2017 | 2016 | |
---|---|---|
Current ratio | Answer
| Answer
|
Quick ratio | Answer
| Answer
|
b. Compute the debt-to-equity ratio for 2017 and 2016 and the times-interest-earned ratio for 2017.
Note: Round answers to two decimal places. Use a negative sign with your answer, if appropriate.
2017 | 2016 | |
---|---|---|
Debt-to-equity ratio | Answer
| Answer
|
Times interest earned ratio | Answer
|
c. Compute the cash burn rate for 2017.
Note: Round answer to the nearest whole number. Use a negative sign with your answer, if appropriate.
$Answer
thousand per day
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