Question: Tesla's financial performance for the year 2023: Item Amount ($) Revenue 53,823,000 Cost of Goods Sold 31,895,000 Operating Expenses 14,720,000 Interest Expense 2,100,000 Tax Rate

Tesla's financial performance for the year 2023:

Item

Amount ($)

Revenue

53,823,000

Cost of Goods Sold

31,895,000

Operating Expenses

14,720,000

Interest Expense

2,100,000

Tax Rate

22%

Requirements:

  1. Prepare an Income Statement for Tesla for the year 2023.
  2. Compute the Gross Profit.
  3. Calculate the Operating Income.
  4. Determine the Net Income after taxes.
  5. Evaluate the profit margin ratio for Tesla.

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