Question: Use balance sheet and income statement from given link. https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch 6. Determine how TESLA cash conversion cycle would change if BPs inventory and accounts receivable

Use balance sheet and income statement from given link.

https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch

6. Determine how TESLA cash conversion cycle would change if BP’s inventory and accounts receivable balances were adjusted to meet the industry averages.

7. Determine the TESLA cash conversion cycle if its inventory and receivables turnover ratios were at the industry average and its payable days were 75 days.

9. What are your impressions regarding TESLA working capital management based on this preliminary analysis? Discuss any advantages and disadvantages of bringing the cash conversion cycle more inline with the industry averages.

Step by Step Solution

★★★★★

3.39 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To answer the questions we need to first calculate Teslas cash conversion cycle using the information provided in the balance sheet and income statement Teslas Cash Conversion Cycle CCC CCC Days Inven... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Your Personal Balance Sheet and Income Statement on page 56, we learned that individuals have financial statements just like firms. Prepare your personal balance sheet using the following items: (i)...

Using Dicks Sporting Goods balance sheet and income statement complete the following questions: Objective: Analyze your companys most recent annual report to draw conclusions about (a) components of...

Balance sheet and income statement data for two affiliated companies for the cur rent year appear below. Additional Information ¢ Albeniz acquired an 80% interest in Bach on January 1, Year 1,...

Part I of this case, presented in Chapter 3, discussed the situation of DLeon Inc., a regional snack foods producer, after an expansion program. DLeon had increased plant capacity and undertaken a...

The Garcia Industries balance sheet and income statement for the year ended 2012 are as follows: *The average inventory over the past two years also equals $12.0 million....

The annual report for Target Corporation opens with a general description of business operations, risk factors, stock market registration, and selected financial data. This is followed by Managements...

One item is omitted from each of the following summaries of balance sheet and income statement data for four different corporations Determine the amounts of the missing items, identifying them by...

The following balance sheet and income statement data were taken from the record of L.L. Beeno for the year ended December 31, 2012: Prepare the operations section of the statement of cash flows, and...

The following balance sheet and income statement data were taken from the records of Standard Center Manufacturing for the year ended December 31, 2012. The company sells goods and provides services....

Effect of rent transactions on statement of cash flows A firm reported a balance in its Pre paid Rent (Advances to Landlord) account of $1,200 on January 1, 2009, for use of the building for the...

The third (current-carrying) rail of a subway track is made of steel and has a cross-sectional area of about 55 cm2. What is the resistance of 10 km of this track?

A section of sheet steel 0.08 in. thick is cut and bent into the machine component shown. Knowing that the specific weight of steel is 490 lb/ft3, determine the mass products of inertia a Ixy, Iyz,...

6.60 In the circuit of Fig. 6.82, i o (0) = 2 A. Determine i o ( t ) and v o ( t ) for t > 0. 4e-2 A 3 H 5H 10(1) + Vo

The comparative balance sheet of Canace Products Inc. for December 31, 2016 and 2015, is as follows: The income statement for the year ended December 31, 2016, is as follows: Additional data obtained...

The income statement and the cash flows from the operating activities section of the statement of cash flows are provided below for Syntric Company. The merchandise inventory account balance neither...

Herb Corporation holds 60 percent ownership of Spice Company. Each year, Spice purchases large quantities of a gnarl root used in producing health drinks. Spice purchased $150,000 of roots in 20X7...

Kerrie Velinsky Productions produces music videos in two lengths on separate compact discs. The company can sell its entire production of either product. The relevant data for these two products...

Reconsider the networks shown in Prob. 10.3-4. Use the algorithm described in Sec. 10.4 to find the minimum spanning tree for each of these networks. In problem (a) (b) (Origin 0 T Destination) 5...

which vessel is the first branch coming off of the renal artery

Please complete a cash flow using the direct method. (use balance sheet and income statement below) Directions Complete a cash flow using the direct method Proceeds from the sale of fixed assets is...

In need of some assistance with an assignment. The financial data for Buffalo Wild Wings needs to be added to the following Excel workbook tabs. ONLY 2014 INFORMATION IS NEEDED. The company's Form...

Hello I have been having a problem with this excel assignment and I had posted it yesterday but I haven't get helped since please help me the excel details instruction is attacked SDSU Accounting...

A602 financial analysis template (colgate-Palmolive) I only need help with Common size and Financial Ratio. Note: Use care not to delete, hide or reorder workbook tabs (worksheets) in this workbook....

How to write the case report? fill in the excel spreadsheet Case 1 A Practice Problem in Accounting Sparky Fitness Corporation In Chapters 3-5, we discussed the Accounting Information System and the...