Tesla Inc. Comparative Financial Statements Income Statement for Years Ended December 31, 2021, 2022, 2023 Sales :
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Question:
Tesla Inc. Comparative Financial Statements
Income Statement for Years Ended December 31, 2021, 2022, 2023
- Sales: $53,823, $81,462, $108,368
- Cost of Goods Sold: $40,953, $62,836, $83,327
- Gross Profit: $12,870, $18,626, $25,041
- Research and Development Expenses: $2,593, $3,442, $4,248
- Selling, General, Administrative Expenses: $4,987, $6,223, $7,318
- Operating Income: $5,290, $8,961, $13,475
- Interest Expense: $698, $674, $659
- Income Before Tax: $4,592, $8,287, $12,816
- Income Tax Expense: $115, $824, $1,287
- Net Income: $4,477, $7,463, $11,529
Balance Sheet as of December 31, 2021, 2022, 2023
- Assets
- Current Assets: $27,257, $35,942, $45,987
- Property, Plant, Equipment, Net: $16,360, $19,455, $22,563
- Intangible Assets: $1,450, $1,368, $1,324
- Total Assets: $45,067, $56,765, $69,874
- Liabilities and Equity
- Current Liabilities: $14,912, $19,435, $24,536
- Long-Term Debt: $5,859, $5,420, $5,013
- Shareholders' Equity: $24,296, $31,910, $40,325
- Total Liabilities and Equity: $45,067, $56,765, $69,874
Requirements
- Calculate the gross profit margin for each year.
- Determine the research and development expenses as a percentage of sales for each year.
- Compute the debt to equity ratio for each year.
- Assess the return on assets for each year.
Posted Date: