Netflix has the following abridged financial statement information for fiscal year 2011 and 2012 (in thousands) 2012 Income Statement Sales Cost of Goods Sold Gross Profit SG&A Expense Interest Expense Income Before Tax Income Tax Expense 2012 2011 Balance Sheet 2011 $3,609,282 $3,204,577 Cash $290,291 $508,053 $2,625,866 $983,416 $604,416 $19,986 $30,480 $13,328 Marketable Securities $457,787$289,758 Inventory Total Current Assets $2,240,791$1,830,857 Fixed Assets Total Assets Accounts Payable Total Current $0 $0 $131,681 $136,353 $3,967,890$3,069,196 $139,607 $141,223 $17,152$226,126 Liabilities $1,675,926 $1,225,055 $400,000 $400,000 $3,223,217 $2,426,386 Net Income Long-Term Debt 2012 2011 Total Liabilities Cash Flow Statement Cash Flows from Operations Cash Flows from Investing Cash Flows from Financing $22,765 $317,712 Retained Earnings $440,082$422,930 $245,919-$265,814 Total Equity $744,673 $642,810 $5,589$261,656 On 12/31/2012, Netflix has 55,990,000 shares outstanding, stock price of $92.59, and annual earning growth rate of 14.56% Netflix does not issue any dividends. Use the above information to answer Questions 1 - 27