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 teams 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 $2,300 Long-Term Investments $6,800 Accounts receivable 8,600 Long-Term Notes Payable 2,000 Additional paid-in capital 3,655 Rent Expense 0 Cash 3,300 Retained earnings 4,600 Common Stock ($0.10 par value) 645 Travel Expense 0 Consulting Fee Revenue 0 Wages Expense 0 Interest Revenue 0 Unearned Revenue 5,500 Utilities expense 0 Transactions for 2024: Provided $59,800 in services to clients who paid $50,000 in cash and owed the rest on account. Received $6,500 cash from clients on account. Received $490 in cash as interest revenue on investments. Paid $35,200 in wages, $13,500 in travel, $6,800 in rent, and $1,500 on accounts payable. Received $1,800 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 $390 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.