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Compute Tesla's accounts receivable turnover ratio for 2022. Round to two decimal places. ...

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Question

Accounting

Compute Tesla's accounts receivable turnover ratio for 2022. Round to two decimal places.

Question 2

Based on your answer in Question 1, in 2022, how many days on average did it take Tesla to convert receivables into cash? Round to two decimal places.

Question 3

Compute Tesla's accounts receivable turnover ratio for 2021. Round to two decimal places. (Note: As of Dec. 31, 2020, Teslas Accounts Receivable balance was $1,886 million.)

Question 4

Based on your answer in Question 3, in 2021, how many days on average did it take Tesla to convert receivables into cash? Round to two decimal places.

Question 5

Comparing 2021 to 2022, how has Telsa's ability to convert accounts receivable into cash changed over time? Has the company's ability become faster, slower, or no change?

Group of answer choices

Faster

Slower

No Change

Question 6

What percentage of Teslas 2022 revenue is from automotive sales? Answer as a percent and round to two decimal places, e.g., 93.27% should be entered as 93.27.

Question 7

"Credit card fees," "sales discounts," and "sales returns and allowances" are all examples of what kind of account?

Group of answer choices

Contra-revenue

Expense

Contra-asset

Revenue

Answer & Explanation Solved by verified expert
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