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Please answer the following questions and write a report Access the financial statements for Netflix (NASDAQ:NFLX) Netflix - News & Events - Investor Events Also

Please answer the following questions and write a report

Access the financial statements for Netflix (NASDAQ:NFLX) Netflix - News & Events - Investor Events

Also conduct your own research on the company to answer the following questions:

  1. Look at the earnings announcements and interviews for a) the fiscal year ending December 31, 2020 that occurred on January 19, 2021 and b) the 3rd quarter of 2021 that occurred on October 19, 2021. For each of these events, calculate the abnormal returns using class concepts. For each of these events, please explain the window range used and why it was the most appropriate choice. Based on your calculations and using external research, provide an explanation as to why there was (or was not) an abnormal return. You can use Zacks, Seekingalpha or an equivalent website to find the firms Beta. Justify your use of the market. Source analysts estimates for your determination of unexpected earnings. Are your findings consistent with market efficiency?
  2. Analyze the financial statements for fiscal year ending December 31, 2020. Are there any unrecognized assets and liabilities i.e. do the financial statements tell the full story of this firm? Try to identify any sources of goodwill (or abnormal earnings) that the financial statements do not capture. List them and explain how they would impact the future cash flows.

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