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Netflix, Inc. disclosed the following income statement figures for the year ended December 31, 2023: Item Amount (in millions) Revenue $34,933 Cost of Revenue $14,875

Netflix, Inc. disclosed the following income statement figures for the year ended December 31, 2023:

Item

Amount (in millions)

Revenue

$34,933

Cost of Revenue

$14,875

Gross Profit

$20,058

Operating Expenses

$14,220

Operating Income

$5,838

Interest Expense

$594

Income Before Taxes

$5,244

Income Tax Expense

$1,544

Net Income

$3,700

a. Calculate Netflix, Inc.'s gross profit margin. b. Determine the operating income margin for Netflix, Inc. c. Discuss the impact of Netflix, Inc.'s operating expenses on its profitability. d. Analyze the net income trend of Netflix, Inc. over the past five fiscal years.

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