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Examine the income statements of Netflix Inc. for the years ended December 31, 2022, and 2021. Netflix Inc. 2022 2021 Sales $31,615 $29,698 Cost of

Examine the income statements of Netflix Inc. for the years ended December 31, 2022, and 2021.

Netflix Inc.

2022

2021

Sales

$31,615

$29,698

Cost of Goods Sold

$16,048

$14,924

Gross Profit

$15,567

$14,774

Operating Expenses

$9,487

$8,562

Net Income

$5,116

$5,116

Requirements:

  1. Calculate the gross profit margin for each year.
  2. Calculate the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Discuss the stability of Netflix Inc.'s profitability over the two years.

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