Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Netflix reported the following amounts on its income statement: 12/31/202012/31/2019 12/31/2018 Total 24,996,056 20,156,447 15,794,341 Revenue Cost of 15,276,319 12,440,213 9,967,538 Revenue Gross 9,719,737 7,716,234

image text in transcribed

Netflix reported the following amounts on its income statement: 12/31/202012/31/2019 12/31/2018 Total 24,996,056 20,156,447 15,794,341 Revenue Cost of 15,276,319 12,440,213 9,967,538 Revenue Gross 9,719,737 7,716,234 5,826,803 Profit Operating5,134,448 5,111,980 4,221,577 Expense 2,604,254 1,605,226 Income Interest -1,385,940 -542,023 -378,768 Expense Pretax 3,199,349 2,062,231 1,226,458 Income Tax 437,954 46,586 15,216 Provision Net 2,761,395 2,015,645 1,211,242 Income Operating|4,585,289 For the vertical analysis, what is the percentage of income as of December 31, 2019

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance, European Edition

Authors: Peter Moles, Robert Parrino, David S. Kidwell

1st Edition

0470683708, 9780470683705

More Books

Students also viewed these Accounting questions

Question

What general properties do we expect from good software?

Answered: 1 week ago