What is the net profit margin ratio for 2019?

Required information E3-18 (Static) 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.) 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. Assets Cash Accounts Receivable 8,000 3,200 Long-Term Investments 6,400 Liabilities Accounts Payable Unearned Revenue 2,400 5,600 Long-Term Notes Payable 1,600 Stockholders' Equity Common Stock ($0.12 par value) Additional Paid-in Capital 800 4,000 Retained Earnings 3,200 Revenues Consulting Fee Revenue Interest Revenue Expenses Wages Expense Travel Expense Utilities Expense Rent Expense Transactions for 2019: : a. Provided $58,000 in services to clients who paid $48,000 in cash and owed the rest on account. b. Received $5,600 cash from clients on account. c. Received $400 in cash as interest revenue on investments. d. Paid $36,000 in wages, $12,000 in travel, $7,600 in rent, and $1,600 on accounts payable. e. Received $1,600 in cash from clients in advance of services Massa will provide next year. f. Received a utility bill for $800 for 2019 services. g. Declared and immediately paid $480 in dividends to stockholders. E3-18 Part 4 4. Calculate the net profit margin ratio for 2019. (Round your answer to 2 decimal places.) Net profit margin ratio %