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Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 218 2017

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Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 218 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 0 Gross Profit 5.82 4.03 Inventory 0 0 SG&A Exp 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax 1.23 0.48532 Total Assets 25.97 19.01 Income Tax Expense 0.01522 -0.07361 Accounts Payable 0.56299 0.35956 Net Income 1.21 0.56893 Total Current Liabilities 6.49 5.47 Long-Term Debt 10.39 6.53 Cash Flow Statement 2018 2017 Total Liabilities 20.74 15.43 Cash Flows from Operations -2.68 -1.79 Retained Earnings 2.94 1.73 Cash Flows from Investing -0.33912 0.03433 Common Equity 5.24 3.58 Cash Flows from Financing 4.05 3.08 Total Equity 5.24 3.58 On 12/31/2018, Netflix has 436,600,000 shares outstanding, stock price of $267.66, and annual earning growth rate of 49.84%. Netflix does not issue any dividends. Netflix's return on assets ratio for 2018 is a 0.036 b. 0.069 c. 0.054 d.0.047

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