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h it. Amount from Amount from the Most Percent of the Next Most e Statement Line Recent Year Sales Recent Year or Reyenue 31.54B 190.00% % 24.58 B

h it. Amount from Amount from the Most Percent of the Next Most e Statement Line Recent Year Sales Recent Year or Reyenue 31.54B 190.00% % 24.58 B

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help, 10K for Tesla. A little confused on the percentages!

For each of the selected items on the income statement, determine its percentage relative to sales revenue for the most recent year and the next most recent year. If an item is not reported, draw a line through it. Amount from Amount from the Most Recent Year Percent of the Next Most Percent Income Statement Line Sales Recent Year of Sales Sales or Revenue 31.54B 100.00% % 24.58 B 100.00 % Cost of Sales 24.91B 78.97% 20.51 B 83.44% Gross Profit 6,63B 21.02% 4,069M 16.55% Operating Expenses 4,64B 69.98% 1,491M 36.64% Inc from Operations 1,994B 29.26% (69)M 49.16% Other Inc/Expense (122)M 0% 22M 31.34% Income before Tax 1,154B 57.87% (1,005) M % Provision for Tax 292 M 25.30% 110 M % Other Items 141M 12.2% 87 M % % Net Income 721 M 6.2% (862) M %
Transcribed Image Text:For each of the selected items on the income statement, determine its percentage relative to sales revenue for the most recent year and the next most recent year. If an item is not reported, draw a line through it. Amount from Amount from the Most Recent Year Percent of the Next Most Percent Income Statement Line Sales Recent Year of Sales Sales or Revenue 31.54B 100.00% % 24.58 B 100.00 % Cost of Sales 24.91B 78.97% 20.51 B 83.44% Gross Profit 6,63B 21.02% 4,069M 16.55% Operating Expenses 4,64B 69.98% 1,491M 36.64% Inc from Operations 1,994B 29.26% (69)M 49.16% Other Inc/Expense (122)M 0% 22M 31.34% Income before Tax 1,154B 57.87% (1,005) M % Provision for Tax 292 M 25.30% 110 M % Other Items 141M 12.2% 87 M % % Net Income 721 M 6.2% (862) M %
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