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Compute and Analyze Measures for DuPont Disaggregation Analysis The 2018 balance sheets and income statement for Netflix Inc. follow. Refer to these financial statements to
Compute and Analyze Measures for DuPont Disaggregation Analysis The 2018 balance sheets and income statement for Netflix Inc. follow. Refer to these financial statements to answer the requirements. \begin{tabular}{|l|r|r|} \multicolumn{3}{|c}{ NETFLIX INC. Consolidated Balance Sheets } \\ \hline Current assets & \multicolumn{1}{c|}{2018} & \multicolumn{1}{c|}{2017} \\ \hline Cash and cash equivalents & $3,502,308 & $2,605,440 \\ \hline Current content assets, net & 4,754,545 & 3,978,992 \\ \hline Other current assets & 690,834 & 494,954 \\ \hline Total current assets & 8,947,687 & 7,079,386 \\ \hline Noncurrent content assets, net & 13,808,961 & 9,572,484 \\ \hline Property and equipment, net & 418,281 & 319,404 \\ \hline Other noncurrent assets & 831,651 & 602,081 \\ \hline Total assets & $24,006,580 & $17,573,355 \\ \hline Current liabilities & & \\ \hline Current content liabilities & $4,325,196 & $3,851,717 \\ \hline Accounts payable & 519,635 & 331,869 \\ \hline Accrued expenses & 440,656 & 290,832 \\ \hline Deferred revenue & 702,310 & 570,988 \\ \hline Total current liabilities & 5,987,797 & 5,045,406 \\ \hline Noncurrent content liabilities & 3,469,581 & 3,073,402 \\ \hline Long-term debt & 9,562,334 & 5,998,976 \\ \hline Other noncurrent liabilities & 129,231 & 135,246 \\ \hline Total liabilities & 19,148,943 & 14,253,030 \\ \hline Stockholders' equity & & \\ \hline Preferred stock, $0.001 par value & 2,715,797 & 1,597,821 \\ \hline Common stock, $0.001 par value & 4,857,637 & 3,320,325 \\ \hline Accumulated other comprehensive loss & $24,006,580 & $17,573,355 \\ \hline Retained earnings & 22% & \\ \hline Total shareholders' equity & 2,159,914 & 1,741,478 \\ \hline Total liabilities and shareholders' equity & (18,074) & (18,974) \\ \hline Combined federal and state statutory tax rate & & \\ \hline \end{tabular} a. Compute ROE and ROA for 2018. b. Confirm that ROE equals ROE computed using the component *** ROE may be different due to rounding c. Compute adjusted ROA (assume a statutory tax rate of 22% )
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