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me following information applies to the questions displayed below. worldwide for dot-com companies. You are a financial analyst assigned to report on the Massa Company,

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me following information applies to the questions displayed below. worldwide for dot-com companies. You are a financial analyst assigned to report on the Massa Company, which has been operating for three years, provides marketing consulting services Massa management team's effectiveness at managing its assets efficiently. At the start of 2016 (its fourth year), Massa's T-account balances were as follows. Dollars are in thousands. Assets Cash Accounts Receivable ong-Term Investments 6,500 8,500 4,200 Liabilities Unearned Revenue Long-Term Notes Payable Accounts Payable 1,200 4,800 2,100 Retained Earnings Additional Paid-in Capital -Common Stock ($10 par value)_ 6,300 4,080 720 Interest Revenue Consulting Fee Revenue Utilities Expense Travel Expense Wages Expense Rent Expense Required information

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