A balance sheet provides a snapshot of a company's financial position at a point in time by listing its assets, liabilities, and shareholders' equity. After reviewing Tesla's 2021 annual report, some major items discovered on their balance sheet include total assets of over $20 billion, consisting mainly of cash and inventory, along with total liabilities of $13 billion, mostly from long-term debt issued to fund operations. The balance sheet reveals Tesla remains in a strong financial position with more assets than liabilities.

1. Describe what a balance sheet tells about a business in your own words. Find a current annual
report of a public company you would like to work for. Review the balance sheet. Let the class
know what company you researched and some major items you discovered from your analysis of
the balance sheet.
in 200 word or less