INSTRUCTIONS FOR THE 16 QUESTIONS THAT FOLLOW THE FINANCIAL…

INSTRUCTIONS FOR THE 16 QUESTIONS THAT FOLLOW THE FINANCIAL STATEMENTS. Using Tesla’s  Income Statement and Balance Sheet (provided in the next two questions) answer the following questions.  THE FINANCIAL STATEMENTS WILL BE REPEATED EVERY 4 QUESTIONS FOR EASE OF USE DURING THE EXAMINATION. All answers will be entered into Canvas EXACTLY AS THEY APPEAR ON THE FINANCIAL STATEMENTS.   AGAIN, ALL AMOUNTS SHOULD BE ENTERED AS THEY APPEAR IN THE FINANCIALS.   NUMBERS IN BRACKETS ARE NEGATIVE AMOUNTS FOR CANVAS ANSWERS.   ROUND TO 2 DECIMAL PLACES, AS NEEDED.   PAY CLOSE ATTENTION TO DATES. – ASSUME TOTAL REVENUES AND NET SALES ARE THE SAME FOR USE IN RATIOS   NO ANSWER IS NEEDED FOR THIS QUESTION

Calculate the Accounts Receivable (i.e. net receivables pres…

Calculate the Accounts Receivable (i.e. net receivables presented plus the allowance for doubtful accounts) turnover ratio as of 12/31/19?  Schematic below shows the basic formula for your aide ________________ / ( ______ + _______ / 2) = ___________________ HINT: Look at HINT from prior question and apply to this ratio.