Required information (The following information applies to the questions displayed below. 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. Transactions for 2019: a. Provided $59,900 in services to clients who paid $49,300 in cash and owed the rest on account. b. Received $6,500 cash from clients on account. c. Received $590 in cash as interest revenue on investments. d. Paid $35,300 in wages, $13,600 in travel, $6,600 in rent, and $600 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 $640 for 2019 services. g. Declared and immediately paid $440 in dividends to stockholders. Assets Cash Accounts Receivable 8,900 3,800 Long-Term Investments 6,900 Liabilities Accounts Payable Unearned Revenue 1,400 5, 200 Long-Term Notes Payable 1,900 Stockholders' Equity Common Stock ($0.10 par value) Additional Paid-in Capital Liabilities Accounts Payable Unearned Revenue 1,400 5, 200 Long-Term Notes Payable 1,900 Stockholders' Equity Common Stock ($0.10 par value) Additional Paid-in Capital 660 3,740 Retained Earnings 6,700 Revenues Consulting Fee Revenue Interest Revenue Expenses Wages Expense Travel Expense Utilities Expense Rent Expense 4. Calculate the net profit margin ratio for 2019. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Net profit margin ratio 0.07 X %