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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.


Total assets and total liabilities - Tesla
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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