Company: Tesla, Inc. Data for the year ended December 31, 2023:ItemAmountCash and Cash Equivalents$45,000,000Accounts Receivable$25,000,000Inventory$30,000,000Net Sales$250,000,000Operating Expenses$150,000,000Requirements:Calculate...
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Accounting
Company: Tesla, Inc.
Data for the year ended December 31, 2023:
Item | Amount |
Cash and Cash Equivalents | $45,000,000 |
Accounts Receivable | $25,000,000 |
Inventory | $30,000,000 |
Net Sales | $250,000,000 |
Operating Expenses | $150,000,000 |
Requirements:
- Calculate Tesla's quick ratio.
- Determine Tesla's inventory turnover ratio.
- Analyze the impact of accounts receivable on Tesla's working capital.
- Discuss how Tesla recognizes revenue from electric vehicle sales.
- Evaluate Tesla's liquidity using the current ratio.
- Assess the importance of the Income Measurement Objective in Tesla’s financial performance and investor reporting.
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