Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For the fiscal year ending December 31, 2023, Netflix, Inc. reported the following financial figures: Total Revenue of $33,250 million, Operating Expenses of $23,480 million,

For the fiscal year ending December 31, 2023, Netflix, Inc. reported the following financial figures: Total Revenue of $33,250 million, Operating Expenses of $23,480 million, and Net Income of $8,690 million. The company's total assets were $68,450 million, and total equity was $34,890 million.

Questions:

  1. Calculate Netflix's operating profit margin.
  2. Compute Netflix's net profit margin.
  3. Calculate the return on assets (ROA) for Netflix.
  4. Compute the return on equity (ROE) for Netflix.
  5. If Netflix's total liabilities were $33,560 million, what is the debt to equity ratio?

                                                                                                                        

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Accounting

Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton

1st Edition

978-0077300456, 0077300459

More Books

Students also viewed these Accounting questions

Question

What is cultural awareness?

Answered: 1 week ago