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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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Question

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:

  1. Calculate Tesla's quick ratio.
  2. Determine Tesla's inventory turnover ratio.
  3. Analyze the impact of accounts receivable on Tesla's working capital.
  4. Discuss how Tesla recognizes revenue from electric vehicle sales.
  5. Evaluate Tesla's liquidity using the current ratio.
  6. Assess the importance of the Income Measurement Objective in Tesla’s financial performance and investor reporting.

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