Enter the following 2017 transactions in the T-accounts:

a. Provided $116,000 in services to clients who paid $96,000 in cash and owed the rest on account.

b. Received $11,200 cash from clients on account.

c. Received $800 in cash as income on investments.

d. Paid $72,000 in wages, $24,000 in travel, $15,200 in rent, and $3,200 on accounts payable.

e. Received $3,200 in cash from clients in advance of services will provide next year.

f. Received a utility bill for $1,600 for 2017 services to be paid in 2018.

g. Paid $960 in dividends to stockholders.

Compute ending balances in the T-accounts to determine amounts for the following on December 31, 2017:

Revenue $_______________ - Expenses $_____________ = Net Income_____________

Assets $___________ = Liabilities $_____________ + Stockholders Equity $____________

Calculate (a) the current ratio at the end of 2017 and

(b) the net profit margin ratio for 2017. (Round your answer to 4 decimal places.)