Financial Statement Analysis - Netflix, Inc.

Netflix, Inc. has reported the following financial data for the fiscal year ended December 31, 2023:

• Total Assets: $50,000 million
• Total Liabilities: $30,000 million
• Net Income: $5,000 million
• Total Revenue: $20,000 million
• Total Expenses: $15,000 million
• Average Shareholders' Equity: $20,000 million

Calculate the following financial ratios for Netflix, Inc.:

a) Return on Assets (ROA) b) Return on Equity (ROE) c) Debt-to-Equity Ratio d) Gross Profit Margin e) Net Profit Margin

Interpret each ratio and discuss the financial performance of Netflix, Inc. based on these ratios.