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