Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): 2018 Income Statement 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 Gross Profit 5.82 4.03 Inventory SG&A Exp. 4.22 3.19 Total Current Assets 9.69 7.67 Interest Expense Fixed Assets 0.41828 0.3194 0.42049 0.2382 Total Assets Income Before Tax 1.23 0.48532 25.97 19.01 Income Tax Expense Accounts Payable 0.56299 0.01522 -0.07361 0.35956 Total Current Liabilities Net Income 1.21 0.55893 6,49 5.47 Long-Term Debt 10.39 6.53 2017 Cash Flow Statement 2018 Total Liabilities 20.74 15.43 Cash Flows from Retained Earnings -2.68 Operations -1.79 2.94 1.73 Cash Flows from Investing Common Equity 3.58 -0.33912 0.03433 5.24 Cash Flows from Total Equity Financing 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 has a S&P's bond rating of BB- which suggests that a. Netflix has investment grade or high quality bonds, and has low credit risk D.Netflix has below investment grade or speculative bonds, and has high credit risk. C. Netflix has investment grade or speculative bonds, and has low credit risk. d. Netflix has below investment grade or high quality bonds, and has high credit risk