Part 4 of 4 Required information E3-18 (Algo) Analyzing the Effects of Transactions Using T-Accounts and Interpreting the Net Profit Margin Ratio as a Financial Analyst LO3-4, 3-6 The following information applies to the questions displayed below.) points 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 2019 (its fourth year), Massa's T-account balances were as follows. Dollars are in thousands. eBook Transactions for 2019: Hint a. Provided $59,400 in services to clients who paid $49,400 in cash and owed the rest on account. b. Received $6,200 cash from clients on account. c. Received $520 in cash as interest revenue on investments. d. Paid $35,500 in wages, $12,900 in travel, $7,400 in rent, and $1,300 on accounts payable. e. Received $1,900 in cash from clients in advance of services Massa will provide next year. f. Received a utility bill for $710 for 2019 services. 9. Declared and immediately paid $470 in dividends to stockholders. Print Reference Assets Cash Accounts Receivable 8, 2001 3,300 Long-Term Investments 6,600 Liabilities Accounts Payable Unearned Revenue 5,500 2,100 Long-Term Notes Payable 1,100 Stockholders' Equity Common Stock ($0.10 par value) Additional Paid-in Capital 690 3,910 Retained Earnings 4,800 Revenues Consulting Fee Revenue Interest Revenue Assets Cash 3,300 Long-Term Investments Accounts Receivable 8,200 Part 4 of 4 6,600 points Labilities recounts Payable Unearned Revenue eBook 5,500 2,100 Long-Term Notes Payable Hint 1,100 Print Stockholders' Equity Common Stock ($0.10 par value) Additional Paid-in Capital Reference 690 3,910 Retained Earnings Revenues Consulting Fee Revenue Interest Revenue Expenses Wages Expense Travel Expense Utilities Expense Rent Expense E3-18 Part 4 4. Calculate the net profit margin ratio for 2019. (Round your answer to 2 decimal places.) Net profit margin ratio Part 4 of 4 Required information E3-18 (Algo) Analyzing the Effects of Transactions Using T-Accounts and Interpreting the Net Profit Margin Ratio as a Financial Analyst LO3-4, 3-6 The following information applies to the questions displayed below.) points 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 2019 (its fourth year), Massa's T-account balances were as follows. Dollars are in thousands. eBook Transactions for 2019: Hint a. Provided $59,400 in services to clients who paid $49,400 in cash and owed the rest on account. b. Received $6,200 cash from clients on account. c. Received $520 in cash as interest revenue on investments. d. Paid $35,500 in wages, $12,900 in travel, $7,400 in rent, and $1,300 on accounts payable. e. Received $1,900 in cash from clients in advance of services Massa will provide next year. f. Received a utility bill for $710 for 2019 services. 9. Declared and immediately paid $470 in dividends to stockholders. Print Reference Assets Cash Accounts Receivable 8, 2001 3,300 Long-Term Investments 6,600 Liabilities Accounts Payable Unearned Revenue 5,500 2,100 Long-Term Notes Payable 1,100 Stockholders' Equity Common Stock ($0.10 par value) Additional Paid-in Capital 690 3,910 Retained Earnings 4,800 Revenues Consulting Fee Revenue Interest Revenue Assets Cash 3,300 Long-Term Investments Accounts Receivable 8,200 Part 4 of 4 6,600 points Labilities recounts Payable Unearned Revenue eBook 5,500 2,100 Long-Term Notes Payable Hint 1,100 Print Stockholders' Equity Common Stock ($0.10 par value) Additional Paid-in Capital Reference 690 3,910 Retained Earnings Revenues Consulting Fee Revenue Interest Revenue Expenses Wages Expense Travel Expense Utilities Expense Rent Expense E3-18 Part 4 4. Calculate the net profit margin ratio for 2019. (Round your answer to 2 decimal places.) Net profit margin ratio