Waterfall charts draw attention to factors that cause differences between amounts, such as the increase in a company's net income from last year to this year or the change in cash position between the beginning and end of this year. Shown below are waterfall charts for a hypothetical company named Newflix, which is similar to Netflix, Inc. (in millions) $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 Last year's net income Newflix's Net Income Changes 1 More m Income tax ember.. More More Additional Greater savings content.. marketing payroll.. interes. This year's net income (in millions) $5,000 $4,000 $3,000 $2,000 $1,000 $0 Newflix's Changes in Cash Position Cash from Beginning cash position issuing ne.. Investment sales and .. Net cash spent Payments for on operations property an... Ending cash position Required: 1. According to the red waterfall chart, what was the amount of Newflix's net income (in millions) last year? 2. According to the red waterfall chart, what was the amount of Newflix's net income (in millions) this year? 3. According to the red waterfall chart, which factor contributed most to the net income increase from last year to this year? 4. According to the green waterfall chart, what was the amount of Newflix's beginning cash position (in millions) this year? 5. According to the green waterfall chart, what was the amount of Newflix's ending cash position (in millions) this year? 6. According to the green waterfall chart, which factor contributed most to the change in Newflix's beginning and ending cash position? This "cash position" factor directly affects which factor in the red "net income" waterfall chart? According to the green waterfall chart, which factor contributed most to the change in Newflix's beginning and ending cash position? This "cash position" factor directly affects which factor in the red "net income" waterfall chart? Cash from issuing new loans Biggest contributing factor Directly affects Additional marketing Greater payroll expenses Income tax savings More content expenses More interest expense More member revenue Required 6 >