Question
The following is a snapshot of the financials for Tesla Inc. for the year ending December 31, 2023: Income Statement: Revenue: $1,200,000 Cost of Goods
The following is a snapshot of the financials for Tesla Inc. for the year ending December 31, 2023:
Income Statement:
Revenue: $1,200,000
Cost of Goods Sold: $800,000
Operating Expenses: $300,000
Income Tax: $50,000
Net Profit: $50,000
Balance Sheet:
Cash and Equivalents: $140,000
Receivables: $160,000
Inventory: $200,000
Property and Equipment: $400,000
Current Liabilities: $200,000
Long-term Debt: $240,000
Equity: $460,000
Calculate the return on equity (ROE).
Find the inventory turnover ratio.
Determine the current ratio.
Compute the debt-to-equity ratio.
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