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Required information

$[$The following information applies to the questions displayed below.$]$

Drs$.$ Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical

Therapy, on January $1,2017.$ The annual reporting period ends December $31.$ The trial balance on January $1,2018,$ was as

follows $($the amounts are rounded to thousands of dollars to simplify$)$:

$($The transactions recorded are provided in the screenshot below$)$

Transactions during $2018($summarized in thousands of dollars$)$ follow:

a$.$ Borrowed $$24$ cash on July $1,2018,$ signing a six$-$month note payable.

b$.$ Purchased equipment for $$27$ cash on July $2,2018.$

c$.$ Issued additional shares of common stock for $$4$ on July $3.$

d$.$ Purchased software on July $4,$$$4$ cash.

e$.$ Purchased supplies on July $5$ on account for future use, $$6.$

$f.$ Recorded revenues on December $6$ of $$59,$ including $$10$ on credit and $$49$ received in cash.

$g.$ Recognized salaries and wages expense on December $7$ of $$32$; paid in cash.

h$.$ Collected accounts receivable on December $8,$$$7.$

i$.$ Paid accounts payable on December $9,$$$8.$

j$.$ Received a $$4$ cash deposit on December $10$ from a hospital for a contract to start January $5,2019.$

Data for adjusting journal entries on December $31$:

k$.$ Amortization for $2018,$ $$1.$

I. Supplies of $$4$ were counted on December $31,2018.$

m$.$ Depreciation for $2018,$ $$2.$

n$.$ Accrued interest of $$1$ on notes payable.

$o.$ Salaries and wages incurred but not yet paid or recorded, $$2.$

p$.$ Income tax expense for $2018$ was $$5$ and will be paid in $2019.$

$9-$a$.$ How much net income did the physical therapy clinic generate during $2018?$ What was its net profit margin?

$9-$b$.$ Is the business financed primarily by liabilities or stockholders' equity?

$9-$c$.$ What is its current ratio?

Complete this question by entering your answers in the tabs below.

$9-$a:

How much net income did the physical therapy clinic generate during $2018?$ What was its net profit margin? $($Enter "Net

Income" in thousands of dollars. Round "Net Profit Margin" to $1$ decimal place.$)$

Net Income:

Net Profit Margin:

$9-$b:

Is the business financed primarily by liabilities or stockholders$$ equity?

$9-$c:

What is its current ratio? $($Enter your answers in thousands of dollars.$)$

$\_\_$Current Ratio$\_\_$

Numerator: $\_\_\_\_\_\_\_\_$

$==$

Denominator: $\_\_\_\_\_\_\_\_$