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What does this line item or ratio measure and why is it important item for management to understand this number? b.

by | Oct 20, 2022 | Finance, Accounting and Banking | 0 comments

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Locate and post a screenshot of an actual Income Statement from the latest fiscal year for Tesla.
1. Pick an Income Statement Line Item (Gross Profit will be the line item) and answer the following:
a. What does this line item or ratio measure and why is it important item for Management to understand this number?
b. Identify the past 4 years of amounts for your line item or ratio (Note: this will require you to track down additional historical Income Statements to get the older data). Share this data with the class using a data table or chart.
c. Answer the following questions:
–What is the trend for this line item or ratio?
–Has the line item or ratio amount increased or decreased?
–Is this a “good” thing or a “bad” thing? For this company?
–What might management do to improve this line item or ratio?

 

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