Analyze the financial health of Netflix and Disney using the provided data for the fiscal year 2019:

($ millions)	Netflix	Disney
Net sales	$20,156	$69,570
Cost of goods sold	$10,078	$39,456
Gross profit	$10,078	$30,114
Operating expenses	$6,578	$21,456
Operating income	$3,500	$8,658
Interest and other (income) expense	$1,200	$1,000
Earnings before provision for income taxes	$2,300	$7,658
Provision for income taxes	$800	$2,450
Net earnings	$1,500	$5,208

Required: a. Calculate the gross profit margin, operating profit margin, and net profit margin for each company. b. Compute the return on equity (ROE) and return on assets (ROA) for both companies. Assume Netflix's equity is $10,000 million and total assets are $25,000 million, while Disney's equity is $90,000 million and total assets are $200,000 million. c. Determine the debt-to-equity ratio for both companies. d. Compare the profitability of both companies based on your calculations. e. Discuss the financial leverage and operational efficiency of both companies.