Tesla inc $2022,2023$

Prepare common$-$size balance sheets, income statements, and statements of cash flows for your chosen company for the latest $2$ years. Identify one company that competes with your chosen company, obtain their financial statements for the most recent two years, and prepare common$-$size balance sheets, income statements, and statements of cash flows for your chosen company for the latest $2$ years.

Explain why common$-$sized financial statements are a convenient way to compare financial statement items within the same period, between periods, and between competing companies.

Perform a vertical analysis of at least one item on the common$-$size balance sheet, income statement, and statement of cash flows you prepared for the most recent year. Compare each item to the same item on the common$-$size financial statements for the previous period and to the same item on the common$-$size financial statements you prepared for the competing company.

Discuss what this comparison tells you about your chosen company$$s current financial condition, how it compares to the previous year, and how it compares with the financial condition of your chosen company$$s competitor.