Netflix Inc. $($ticker: NFLX$)$ RWP$1-2$ Visit www$.$sec$.$gov$/$edgar and search for the Netflix annual report $(10-$K$)$ for the year ended December $31,2019,$ using EDGAR $($Electronic Data Gathering, Analysis, and Retrieval system$).$ Required: $1.$ Locate "Item $7.$ Management's Discussion and Analysis of Financial Condition and Results of Operations" and answer the following questions: a$.$ Consolidated revenues for Netflix increased by $28\%$ from the previous year. What is the breakdown of this increase between growth in average paying memberships and growth in the average monthly revenue per paying membership? b$.$ What percent of Netflix revenues in the most recent year come from Latin America? c$.$ How much did Netflix spend on marketing in the most recent year? What percentage of revenue is the marketing expense? $2.$ Locate $"3.$ Balance Sheet Components" disclosure note and answer the following questions: a$.$ What percentage of Netflix's "Total streaming content" is produced by Netflix $($as opposed to licensed from other producers$)?$ b$.$ How much is in Netflix's "Buildings" account at the end of the most recent year? $3.$ Locate $"4.$ Long$-$term Debt" disclosure note and answer the following questions: a$.$ What is Netflix's total debt obligations at the end of the most recent year? Did it go up or down from the previous year? b$.$ How much debt is due in less than one year? $4.$ Locate $"8.$ Income Taxes" disclosure note. What is the "effective tax rate" of Netflix in the most recent year? $5.$ Locate the auditor's report titled Report of Independent Registered Public Accounting Firm" and answer the following questions: a$.$ Which accounting firm audits Netflix? b$.$ Is the auditor of the opinion that the financial statements of Netflix are fairly presented?