Answer b and C

FACEBOOK INC. Consolidated Balance Sheet At December 31, \$ millions 20182017 \begin{tabular}{|c|r|r|} \hline Current assets & & \\ \hline Cash and cash equivalents & $10,019 & $8,079 \\ \hline Marketable securities & 31,095 & 33,632 \\ \hline Accounts receivable, net & 7,587 & 5,832 \\ \hline Prepaid expenses and other current assets & 1,779 & 1,020 \\ \hline Total current assets & 50,480 & 48,563 \\ \hline Property and equipment, net & 24,683 & 13,721 \\ \hline Intangible assets, net & 1,294 & 1,884 \\ \hline Goodwill & 18,301 & 18,221 \\ \hline Other assets & 2,576 & 2,135 \\ \hline Total assets & $97,334 & $84,524 \\ \hline Current liabilities & & \\ \hline Accounts payable & $820 & $380 \\ \hline Partners payable & 541 & 390 \\ \hline Accrued expenses and other current liabilities & 5,509 & 2,892 \\ \hline Deferred revenue and deposits & 147 & 98 \\ \hline Total current liabilities & 7,017 & 3,760 \\ \hline Other liabilities & 6,190 & 6,417 \\ \hline Total liabilities & 13,207 & 10,177 \\ \hline Stockholders' equity & & \\ \hline Common stock and additional paid-in capital & 42,906 & 40,584 \\ \hline Accumulated other comprehensive loss & (760) & (227) \\ \hline Retained earnings & 41,981 & 33,990 \\ \hline Total stockholders' equity & 84,127 & 74,347 \\ \hline Total liabilities and stockholders' equity & $97,334 & $84,524 \\ \hline Combined federal and state statutory tax rate & 22.00% & \\ \hline RNOA & 57.54% & \\ \hline \end{tabular} c. Compute FLEV and Spread. \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ Consolidated Statement of Income } \\ \hline For Year Ended December 31, \$ millions & \multicolumn{2}{c|}{2018} \\ \hline Revenue & $55,838 \\ \hline Costs and expenses & \\ \hline Cost of revenue & 9,355 \\ \hline Research and development & 10,273 \\ \hline Marketing and sales & 7,846 \\ \hline General and administrative & 3,451 \\ \hline Total costs and expenses & 30,925 \\ \hline Income from operations & 24,913 \\ \hline Interest and other income (expense), net & 448 \\ \hline Income before provision for income taxes & 25,361 \\ \hline Provision for income taxes & 3,249 \\ \hline Net income & $22,112 \\ \hline \end{tabular}