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Netflix, Inc. had the following information for the year 2023: Beginning Inventory: $5 billion Purchases: $35 billion Ending Inventory: $10 billion Calculate: a) Cost of
Netflix, Inc. had the following information for the year 2023:
- Beginning Inventory: $5 billion
- Purchases: $35 billion
- Ending Inventory: $10 billion Calculate: a) Cost of Goods Sold (COGS). b) Inventory Turnover Ratio. c) Days Sales Outstanding (DSO) if the accounts receivable at the beginning of the year were $15 billion and at the end of the year were $20 billion.
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