You are required to download from the websites the Income Statement and Balance Sheet of the Tesla Company. The financial statements for the TWO most recent years should be used.

Analyze the income statement and the Balance Sheet calculate the following ratios for the two years. Write the formulas clearly and show the amounts used in the calculations with complete steps. Compare the results of the two years and write your analysis and interpretations on the same. You may use ratios of competitors for a better comparison.

a. any two profitability ratios b. any two activity ratios c. any one debt ratio