Company: Tesla, Inc.ItemAmount (in millions)Net Sales$31,536Cost of Goods Sold (COGS)$24,941Gross Profit$6,595Operating Expenses$4,914Operating Income$1,681Net Income$721Total Assets$52,148Total...

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Verified Solution

Question

Accounting

Company: Tesla, Inc.

Item

Amount (in millions)

Net Sales

$31,536

Cost of Goods Sold (COGS)

$24,941

Gross Profit

$6,595

Operating Expenses

$4,914

Operating Income

$1,681

Net Income

$721

Total Assets

$52,148

Total Equity

$22,226

Questions:

  1. Calculate Tesla’s gross profit margin.
  2. Determine the operating profit margin.
  3. What is the net profit margin?
  4. Compute the return on assets (ROA).
  5. What is the return on equity (ROE)?

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