Compute and Interpret Liquidity and Solvency Ratios
Selected balance sheet, income statement and cash flow statement information from Tesla, Inc. for 2017 and 2016 follows ($ thousands).
December 3120172016
Cash and cash equivalents$3,701,247$3,726,549
Restricted cash156,545106,741
Net receivables515,381499,142
Inventory2,263,5372,067,454
Other current assets268,365194,465
Current assets6,905,0756,594,351
Current liabilities7,674,6705,827,005
Total liabilities23,022,98016,750,167
Stockholders' equity5,965,7256,247,242
Year ended December 31,2017
Loss before income taxes$(2,209,032)
Interest expense504,592
Cash flows from operating activities(59,432)
Capital expenditures(3,748,147)
a. Compute the current ratio and quick ratio for each year.
Note: Round answers to two decimal places.
20172016
Current ratioAnswer
0.9
Answer
1.13
Quick ratioAnswerAnswer
b. Compute the debt-to-equity ratio for 2017 and 2016 and the times-interest-earned ratio for 2017.
Note: Round answers to two decimal places. Use a negative sign with your answer, if appropriate.
20172016
Debt-to-equity ratioAnswer
3.86
Answer
2.68
Times interest earned ratioAnswer
c. Compute the cash burn rate for 2017.
Note: Round answer to the nearest whole number. Use a negative sign with your answer, if appropriate.
$Answer
thousand per day
Answers: 3
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Claire wants to include animations in her presentation slides. which element of the presentation program’s interface will have the options for animation? claire should use the to include animations in her presentation slides.
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Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:
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Compute and Interpret Liquidity and Solvency Ratios
Selected balance sheet, income statement and ca...
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