Reference no: EM133805626
Assignment: Tesla Financial Statements
Tesla just released their corporate annual report a couple of weeks ago on January 26th, 2024. In their annual report (10-k filing with the SEC) they include their financial statements along with managerial analysis of the firm.
Visit Tesla's 10-k filing using the following link. Scroll down and click on "Financial Statements" in the Table of Contents to locate the balance sheet and income statement.
I. Look critically at Tesla's income statement over the last three years. Are they profitable? How do you know?
1. Calculate 2 ratios and use them to support your analysis. You can also use trend analysis or common-sizing.
II. Then look at changes on the balance sheet over time. Is it improving over time?
1. Calculate 2 ratios and use them to support your analysis.
III. Read the following analyst's thoughts on Tesla's balance sheet and financial performance:
1. Take notes as you are reading and compare their analysis to your analysis. Where do you agree and where do you differ? Cite specific examples the analyst uses to support their view of Tesla's balance sheet.
IV. Lastly, view this short (6 min) video on the limitations of financial ratios. Get the instant assignment help.
1. What limitations do they identify and how does the analyst above address these limitations to provide a more complete view of Tesla's financial health?