17) See the question above. Now compute one more ratio. Explain why you wanted to compute these this ratio as part of your assessment of risk of material misstatement. Then tell me what this ratio tells you about Neflixs financial position. Please label your work appropriately so that I can determine the accounts you used.

NETFLIX, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Year ended December 31 2016 2015 2014 Revenues 5,504,656 3,752,760 607,186 472,321 269,741 402,648 8,830,669 S 6,779,511 $ 4,591,476 824,092 650,788 407,329 305,826 Cost of revenues Marketing Technology and development General and administrative 6,029,901 991,078 852,098 577,799 379,793 Operating income Other income (expense) (150,114) 30,828 260,507 73,829 (132,716) (31,225) 141,885 19,244 (50,219) (3,060) 349,369 82,570 266,799 Interest expense Interest and other income (expense) Income before income taxes Provision for income taxes Net income Earnings per share: 186,678 S 122,641 $ Basic 0.44 S 0.29 $ 0.63 Diluted 0.43 S 0.28 $ 0.62 Weighted-average common shares outstanding: Basic 428,822 438,652 425,889 420,544 Diluted 436,456 431,894 See accompanying notes to consolidated financial statements