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The following table represents total assets and total liabilities of Tesla in 2019 and 2020. Total assets and total liabilities - Tesla 2019 2020 Total
The following table represents total assets and total liabilities of Tesla in 2019 and 2020.
2019 | 2020 | |
---|---|---|
Total Assets | $34 billion | $52 billion |
Total liabilities | $27 billion | $31 billion |
Calculate the debt ratio of Tesla in 2020. Did the debt position of Tesla improve? Explain.
Report your answer as a ratio and not a percentage. Example: 30/50 = 0.60
Use two decimal points.
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