Suppose you are interested in evaluating Tesla, Inc. Given the corporations balance sheet and income statement, answer the following questions:Tesla, Inc. Balance SheetAs of December $31,2021$ and $202220212022$Assets Cash $80003368$Accounts receivable $25002200$Inventory $6500071500$Prepaid expenses $15001800$Other current assets $500600$Total current assets $ $77500$ $ $79468$Property, plant, and equipment $1200017400$Accumulated depreciation $(2400)(3480)$Net property, plant, and equipment $960013920$Total Assets $ $87100$ $ $93388$Liabilities Accounts payable $30003200$Line of credit $1000010000$Current portion of long$-$term debt $40004000$Accrued expenses $11001100$Total Current Liabilities $1810018300$Long$-$term debt $1600012000$Total Liabilities $ $34100$ $ $30300$Owners Equity Common stock @ par $50,00050,000$Retained earnings $3,00013,088$Total Owners Equity $ $53000$ $ $63088$ Tesla, Inc. Income StatementFor the year ended December $31,2021$ and $202220212022$ Sales$$155000$$$205000$Cost of goods sold$(85000)(80000)$Gross Profit$70000125000$ Selling, general and administrative expenses$(40000)(58000)$ Utilities expense$(5000)(6960)$ Rent expense$(10000)(16240)$ Depreciation and amortization$(1080)(1080)$Total operating expenses$(56080)(82280)$Operating Income$1392042720$Interest expense$(1200)(1200)$Income before taxes $1272041520$Income tax $(35\%)(4452)(14532)$Net Income$ $8268$$ $26988$ The current ratio for Tesla, Inc. for the year $2022$ equals to:Answer for part $1$The total asset turnover for Tesla, Inc. for the year $2022$ equals to:Answer for part $2$The average age of inventory for Tesla, Inc. for the year $2022$ equals to:Answer for part $3$The average collection period for Tesla, Inc. for the year $2022$ equals to:Answer for part $4$The net profit margin for Tesla, Inc. for the year $2022$ equals to:Answer for part $5$The debt ratio for Tesla, Inc. for the year $2022$ equals to:Answer for part $6$The cash flow from operating activities for Tesla, Inc. for the year $2022$ equals to:Answer for part $7$The cash flow from investing activities for Tesla, Inc. for the year $2022$ equals to:Answer for part $8$The cash flow from financing activities for Tesla, Inc. for the year $2022$ equals to:Answer for part $9$The net cash flow for Tesla, Inc. equals to:Answer for part $10$Tesla, Inc. estimates its sales for the $2023$ financial year will be $$350000.$ No new borrowing was obtained and therefore, the interest expense will remain unchanged $$1200$ during $2023.$ Use the percent of sales method to estimate the cost of goods sold for Tesla, Inc. for the year $2023.$Answer for part $11$The gross profit for Tesla, Inc. for the year $2023$ is estimated to be:Answer for part $12$The operating expenses for Tesla, Inc. for the year $2023$ is estimated to be:Answer for part $13$The operating profit for Tesla, Inc. for the year $2023$ is estimated to be:Answer for part $14$The earnings before tax for Tesla, Inc. for the year $2023$ is estimated to be:Answer for part $15$The net income for Tesla, Inc. for the year $2023$ is estimated to be:Answer for part $16$