Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Netflix Inc. reports the following as of December 31, 2022: Balance Sheet: Cash: $5 billion Accounts Receivable: $3 billion Inventory: $7 billion Total Current Assets:
Netflix Inc. reports the following as of December 31, 2022:
- Balance Sheet:
- Cash: $5 billion
- Accounts Receivable: $3 billion
- Inventory: $7 billion
- Total Current Assets: $15 billion
- Total Assets: $50 billion
- Accounts Payable: $5 billion
- Short-term Debt: $2 billion
- Long-term Debt: $20 billion
- Shareholders’ Equity: $23 billion
- Income Statement:
- Revenue: $30 billion
- Cost of Goods Sold: $15 billion
- Operating Expenses: $10 billion
- Interest Expense: $1 billion
- Tax Rate: 28%
Requirements:
- Calculate the current ratio.
- Determine the net profit margin.
- Compute the debt-to-equity ratio.
- Evaluate the return on assets (ROA).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started