Using the information provided for Netflix, Inc., calculate the debt-to-equity ratio at December 31, 2007, and December
Question:
Transcribed Image Text:
Netflix, Inc. Consolidated Balance Sheet (adapted) December 3 2007 2008 (dollars in thotisands) Assets Total current assets Total assets $432,423 . $678,998 $361,447 Liabilities and Shareholders Eqnity Total current liabilities Total liabilities Total shareholders' equity Total liabilities and shareholders' equity 208,905 249,186 429.812 $216,017 270,791 347.155 5617.946
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
The debttoequity ratio is a measure of the extent to which the firm is leveraged ...View the full answer
Answered By
Mario Alvarez
I teach Statistics and Probability for students of my university ( Univerisity Centroamerican Jose Simeon Canas) in my free time and when students ask for me, I prepare and teach students that are in courses of Statistics and Probability. Also I teach students of the University Francisco Gavidia and Universidad of El Salvador that need help in some topics about Statistics, Probability, Math, Calculus. I love teaching Statistics and Probability! Why me?
** I have experience in Statistics and Probability topics for middle school, high school and university.
** I always want to share my knowledge with my students and have a great relationship with them.
** I have experience working with students online.
** I am very patient with my students and highly committed with them
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Question Posted:
Related Video
This video explains the basic understanding of a group. The term control is acquired when a parent company acquires more than 50% voting rights of subsidiaries. We have covered the basic structure of the consolidated balance sheet, with multiple scenarios of 100% and partial acquisitions at the start and during an accounting period. Also, goodwill and Non-controlling interest are covered in detail
Students also viewed these Accounting questions
-
Calculate the debt to equity ratio for Blue Line Studio Inc. Below is an excerpt from their balance sheet line items: Current liabilities 342,000 Long-term debt 688,000 Total equity 750,000 a....
-
Using the information provided for eBay, calculate the debt-to-equity ratio at December 31, 2007, and December 31, 2008. (Notice that eBay puts the most recent year in the right column rather than...
-
Using the information provided in BE4-2, prepare a condensed multiple-step income statement for Brisky Corporation.
-
A company acquires the assets and liabilities of another company. The fair value of the acquired companys identifiable net assets is $5,000,000. The acquisition transaction includes the following:...
-
Sleeping bag production for the Sleepwell Company has cost C(Q) = Q3 - 10Q2 + 35Q + 196. The marginal cost curve for their production is MC(Q) = 3Q2 - 20Q + 35. (a) Identify both the shutdown point...
-
If D = 4xa x 10y 2 a y + z 2 a z C/m 2 , find the charge density at P(1, 2, 3).
-
Rogers Company holds 80 percent of the common stock ofAndrews, Inc., and 40 percent of this subsidiarys convertible bonds. The following consolidated financial statements are for 2008 and 2009: LO4...
-
1. Apply the steps in Exhibit 4.3, Ethical Conflicts and Compliance with the Rules of Conduct, and analyze whether the relationships described in this case create a conflict of interests and, if so,...
-
Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle 9/16 Billing date Previous balance $ 900 9/19 Payment $ 49 cr. 9/30 Charge: Home...
-
Muskoka Boys Shaving Co. ("MBSC") is a GST/HST registrant operating an online store in Ontario's cottage country region. The company specializes in selling fine grooming products for men. It is June...
-
Golden Coast Beach Resorts issued $1,000,000, 11%, 10-year bonds on June 30, 2009, when the market rate of interest was 10%. Proceeds from the bond issue were approximately $1,061,445.67. Interest is...
-
On March 1, 2011, the accounting records of Stein Company showed the following liability accounts and balances: Accounts payable ........... $21,600 Short-term notes payable ........ 10,000 Interest...
-
Atomic and molecular weights of some common substances are listed in Appendix Tables A-I and A-IE. Using data from the appropriate table, determine (a) The mass, in kg of 10 kmol of each of the...
-
List and describe three common interview mistakes which compromise the quality of the selection process.
-
Player I chooses a positive integer x > 0 and player II chooses a positive integer y > 0. The player with the lower number pays a dollar to the player with the higher number unless the higher number...
-
1. Distinguish between risk management and risk transfer. As the manager of XYZ FBO, what measures would you put in place to ensure risk reduction?
-
Devlop a sumary of your understanding of Learning and Retention. In the sumary, think about how you see Learning and Retention fitting into the entire study of Organizational Behavior. How does the...
-
Emani, Peters and Desai et al (2018) "conducted a cross-sectional survey of adopters and non-adopters of the portal...the survey consisted of perceived attributes from the DOI theory,...
-
Four years ago a computer system was installed by a life assurance company. AB Ltd, to support their administrative functions. The total capital cost was 47,000. A life of nine years was estimated...
-
Consider the advantages and disadvantages of extending property rights so that everyone would have the right to prevent people imposing any costs on them whatsoever (or charging them to do so).
-
On October 2, Bedrock Corporation (a calendar-year corporation) acquired and placed into service 7-year used business equipment costing $890,000. It made no other acquisitions during the year. What...
-
List four guidelines the analyst should observe in developing a prototype.
-
What are the two main problems identified with prototyping?
-
List the three main advantages in using prototyping.
-
In the context of portfolio theory, what is diversification primarily intended to do ? A ) Increase returns. B ) Reduce risk. C ) Maximize tax efficiency. D ) Simplify investment management.
-
4. The risk-free rate of return is 3.78% and the market risk premium is 6.42%. What is the expected rate of return on a stock with a beta of 1.09?
-
Maddox Resources has credit sales of $ 1 8 0 , 0 0 0 yearly with credit terms of net 3 0 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its...
Study smarter with the SolutionInn App