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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:
- Calculate the gross profit margin for each year.
- Calculate the operating profit margin for each year.
- Compute the net profit margin for each year.
- Discuss the stability of Netflix Inc.'s profitability over the two years.
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