question archive Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet, income statement and cash flow statement information from Tesla, Inc

Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet, income statement and cash flow statement information from Tesla, Inc

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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 31 2017 2016

Cash and cash equivalents $3,367,914 $3,393,216

Restricted cash 155,323 105,519

Net receivables 515,381 499,142

Inventory 2,263,537 2,067,454

Other current assets 268,365 194,465

Current assets 6,570,520 6,259,796

Current liabilities 7,674,670 5,827,005

Total liabilities 23,022,980 16,750,167

Stockholders' equity 5,632,392 5,913,909

 

Year ended December 31, 2017

Loss before income taxes $(2,209,032)

Interest expense 471,259

Cash flows from operating activities (60,654)

Capital expenditures (3,414,814)

 

a. Compute the current ratio and quick ratio for each year.  

Note: Round answers to two decimal places. 

2017 2016

Current ratio ? ?

Quick ratio ? ?

 

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. 

2017 2016

Debt-to-equity ratio ? ?

 

Times interest earned ratio ? -

 

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. 

$ ? thousand per day

 

Previous answers that were Not correct are

Current Ratio                              1.69           2.13

Quick Ratio                                1.39           1.77

Debt to Equity Ratio                   5.45           3.82

Time Interest Earned                        -0.13

Cash Burn Rate                           $96537.5 

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