Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Balance Sheet Income Statement 2018 2017 2018 2017 Sales 15.79 Cash 3.79 11.69 2.82 Cost of Goods Sold Marketable Securities 0 9.97 7.66 0 5.82 Gross Profit 4.03 Inventory Total Current Assets SG&A Exp. 4.22 3.19 9,69 7.67 Interest Expense 0.42049 0.2382 Fixed Assets 0.41828 0.3194 Income Before Tax Total Assets 1.23 0.48532 25.97 19.01 -0.07361 Accounts Payable Income Tax Expense 0.01522 0.56299 0.35956 1.21 0.55893 Net Income Total Current Liabilities 6.49 5.47 6.53 Long-Term Debt 10.39 Cash Flow Statement 2018 2017 Total Liabilities 20.74 15.43 Cash Flows from Retained Earnings Operations -2.68 -1.79 2.94 1.73 0.03433 Cash Flows from Investing -0.33912 Common Equity 5.24 3.58 Cash Flows from Financing Total Equity 4.05 3.08 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 fixed asset turnover ratio for 2018 is a. 42.81 b. 37.75 C. 55,42 d. 49.44

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

Blockchain Technology In Accounting And Auditing

Authors: Prof Oleksandr Melnychenko

1st Edition

1976900328, 978-1976900327

More Books

Students also viewed these Accounting questions

Question

Multiply. Give answers in standard form. (7 - 2i) (3 + i)

Answered: 1 week ago

Question

=+21.1. Prove ( e-ux2 /2 dx =1-1/2. ,00 12 T = 00

Answered: 1 week ago