The following table provides selected financial information for Netflix, Inc. and The Walt Disney Company for the fiscal year 2023:

($ millions)	Netflix, Inc.	The Walt Disney Company
Net sales	$42,826	$89,123
Cost of sales	25,709	58,994
Gross profit	17,117	30,129
Operating expenses:
Selling, general, and administrative	7,689	15,374
Research and development	2,834	4,165
Operating income	6,594	10,590
Interest and other (income) expense	1,116	2,218
Interest and investment income	(389)	(813)
Earnings before provision for income taxes	5,867	9,185
Provision for income taxes	1,467	2,379
Net earnings	$4,400	$6,806

Required: a. Compute the return on equity (ROE), return on assets (ROA), and return on financial leverage (ROFL) for Netflix, Inc. and The Walt Disney Company. Assume a tax rate of 28%. b. Break down the ROA into profit margin (PM) and asset turnover (AT) for both companies. Identify the primary drivers of their ROA. c. Assess the trend in net earnings over the past five years. What does it indicate about the overall financial health of the companies? d. Evaluate the interest coverage ratio for Netflix, Inc. and The Walt Disney Company. What does it indicate about their ability to meet interest obligations? e. Compare the selling, general, and administrative (SG&A) expenses as a percentage of sales for Netflix, Inc. and The Walt Disney Company. What can be inferred about their operational efficiency?