For this assignment, please use Teslas most recent 10-K to answer the following questions.

NOTE: Its ticker symbol is TSLA. You should use the annual report or 10-K for the year ended December 31, 2022. Unless otherwise stated, all questions pertain to 2022.

Question 1

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 Tesla's ability to convert accounts receivable into cash changed over time? Has the company's ability become faster, slower, or no change?

A. Faster

B. Slower

C. 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?

A. Contra-revenue

B. Expense

C. Contra-asset

D. Revenue