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Tesla Inc. reported the following balances as of December 31, 2023: Cash: $6,200,000 Accounts Receivable: $7,800,000 Inventory: $5,600,000 Accounts Payable: $4,300,000 Notes Payable: $2,500,000 Common

Tesla Inc. reported the following balances as of December 31, 2023:

  • Cash: $6,200,000
  • Accounts Receivable: $7,800,000
  • Inventory: $5,600,000
  • Accounts Payable: $4,300,000
  • Notes Payable: $2,500,000
  • Common Stock: $15,000,000
  • Retained Earnings: $3,500,000

Requirements:

  1. Prepare a Balance Sheet for Tesla Inc. as of December 31, 2023.
  2. Calculate the Current Ratio.
  3. Determine the Working Capital.
  4. Analyze Tesla's liquidity position.
  5. Discuss the potential impact of Tesla's current liabilities on its financial stability.

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