Massa Company, which has been operating for three years, provides marketing consulting services

worldwide for dot$-$com companies. You are a financial analyst assigned to report on the Massa

management team's effectiveness at managing its assets efficiently. At the start of $2024($its fourth

year$),$ Massa's account balances were as follows. Dollars are in thousands.

Transactions for $2024$:

a$.$ Provided $$59,200$ in services to clients who paid $$48,400$ in cash and owed the rest on

account.

b$.$ Received $$6,200$ cash from clients on account.

c$.$ Received $$420$ in cash as interest revenue on investments.

d$.$ Paid $$35,800$ in wages, $$13,300$ in travel, $$7,200$ in rent, and $$1,000$ on accounts payable.

e$.$ Received $$1,400$ in cash from clients in advance of services Massa will provide next year.

f$.$ Received a utility bill for $$690$ for $2024$ services.

g$.$ Declared and immediately paid $$290$ in dividends to stockholders.

Required:

Using the data from this list, calculate the amounts for the following on January $1,2024.$

Enter the beginning balances and $2024$ transactions in the T$-$accounts.

Compute ending balances in the T$-$accounts to determine amounts for the following on December

$31,2024.$

Calculate the net profit margin ratio for $2024.$ Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Using the data from this list, calculate the amounts for the following on January $1,2024.$

Note: Enter your answers in thousands, not in dollars.

Assets

$=$ Liabilities

Stockholders' Equity Compute ending balances in the $T-$accounts to determine amounts for the following on December $31,20$ :

Note: Enter your answers in thousands, not in dollars.Calculate the net profit margin ratio for $2024.$

Note: Round your answer to $2$ decimal places.

Net profit margin ratioMassa Company, which has been operating for three years, provides marketing consulting services worldwide for dot$-$com companies. You are a financial analyst assigned to report on the Massa management team$$s effectiveness at managing its assets efficiently. At the start of $2024($its fourth year$),$ Massa's account balances were as follows. Dollars are in thousands.

Accounts payable $$1,800$ Long$-$Term Investments $$7,200$

Accounts receivable $8,500$ Long$-$Term Notes Payable $1,600$

Additional paid$-$in capital $3,995$ Rent Expense $0$

Cash $4,000$ Retained earnings $6,900$

Common Stock $($$$0\mathrm{.}10$ par value$)705$ Travel Expense $0$

Consulting Fee Revenue $0$ Wages Expense $0$

Interest Revenue $0$ Unearned Revenue $4,700$

Utilities expense $0$

Transactions for $2024$:

Provided $$59,200$ in services to clients who paid $$48,400$ in cash and owed the rest on account.

Received $$6,200$ cash from clients on account.

Received $$420$ in cash as interest revenue on investments.

Paid $$35,800$ in wages, $$13,300$ in travel, $$7,200$ in rent, and $$1,000$ on accounts payable.

Received $$1,400$ in cash from clients in advance of services Massa will provide next year.

Received a utility bill for $$690$ for $2024$ services.

Declared and immediately paid $$290$ in dividends to stockholders.

Required:

Using the data from this list, calculate the amounts for the following on January $1,2024.$

Enter the beginning balances and $2024$ transactions in the T$-$accounts.

Compute ending balances in the T$-$accounts to determine amounts for the following on December $31,2024.$

Calculate the net profit margin ratio for $2024.$