Executive Summary

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Date Submitted: 09/27/2011 10:34 PM

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Netflix: Executive Summary

Netflix: Executive Summary

Netflix History (Rose)

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Netflix Audit Firm (Rose)

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Netflix Cash & Equivalents (Rose)

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Netflix Total Current Assets

Netflix is a successful company that brings media entertainment to a customer’s home by ease of use and function. Netflix has seen substantial growth in its business reflected in its current assets. The Yahoo! Finance (2011) website reported that by December 31, 2010 the Netflix total current assets were $640,967. This was seen as a growth from the previous year’s total current assets of $411,013 recorded on December 31, 2009. According to Accounting Coach (2011), the best way to comprehend the annual earnings is by its presentation; thus the need to have them in the following order of “liquidity, i.e., cash, temporary investments, accounts receivable, inventory, supplies, prepaid insurance” (Current Assets, para. 1-2).

Netflix Current Assets

The finance reports for Netflix reflect the current assets that the Netflix has seen in the past two years that furthermore showcase the company’s development. This past reporting cycle on December 31, 2010, the recorded current assets were $194,499, whereas the year prior on December 31, 2009 the total assets assessed were $134,244 (Yahoo! Finance, 2011).

Netflix Total Assets

The total assets that Netflix has publicized for the past two years are considerably different, as in for 2010 the total assets were $982,067 though in 2009 the total assets were $679,734 (Yahoo! Finance, 2011). This reveals the work that has been done to move Netflix toward becoming the industry leader in home media entertainment. The considerable intensification of Netflix from one year to the next exhibits the need for the company to progress toward a path of innovation; thus the continual need to increase its technology against potential competitors.

Accounts Payable

The amount of accounts payable that Netflix has...