M3-23. Compute RNOA, Net Operating Profit Margin, and NOA Turnover Selected balance sheet and income statement information

Question:

M3-23. Compute RNOA, Net Operating Profit Margin, and NOA Turnover Selected balance sheet and income statement information for Netflix I nc. the world's leading Internet entertainment service, follows .

$ thousands Ticker 2018 Revenue Netflix, Inc. . . . . . . . . . . . . . . NFLX $15,794,341

a. Compute return on net operating assets (RNOA).

2018 NOP AT 2018 Net Operating Assets 2017 Net Operating Assets

$1,506,681 $11,804,340 $7,258,593

b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover

(NOAT). Confirm that RNOA = NOPM x NOAT.

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