Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Company: Netflix, Inc. Netflix, Inc. disclosed its financial performance for the fiscal year ending December 31, 2023. The company reported total revenue of $50 billion,
Company: Netflix, Inc.
Netflix, Inc. disclosed its financial performance for the fiscal year ending December 31, 2023. The company reported total revenue of $50 billion, with a cost of goods sold (COGS) of $20 billion and operating expenses of $20 billion. Net income amounted to $10 billion. From this data: a) Calculate the gross profit margin. b) Determine the operating profit margin. c) Compute the net profit margin. d) Assess the return on equity (ROE) if shareholders' equity is $30 billion.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started