Calculate the net profit ratio margin for 2019? Required information [The following information applies to the questions

 

 

 

Calculate the net profit ratio margin for 2019?

 
  

 

 

 

 

 

 

 

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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 $48,800 in cash and owed the rest on account. b. Received $6,300 cash from clients on account. c. Received $570 in cash as interest revenue on investments. d. Paid $34,000 in wages, $12,500 in travel, $6,900 in rent, and $1,500 on accounts payable. e. Received $1,400 in cash from clients in advance of services Massa will provide next year. f. Received a utility bill for $620 for 2019 services. g. Declared and immediately paid $420 in dividends to stockholders. Assets Cash 4,000 Long-Term Investments 6,800 Accounts Receivable. 8,300 Liabilities Accounts Payable Unearned Revenue 2,300 5,300 Long-Term Notes Payable < Prev Next > 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 $48,800 in cash and owed the rest on account. b. Received $6,300 cash from clients on account. c. Received $570 in cash as interest revenue on investments. d. Paid $34,000 in wages, $12,500 in travel, $6,900 in rent, and $1,500 on accounts payable. e. Received $1,400 in cash from clients in advance of services Massa will provide next year. f. Received a utility bill for $620 for 2019 services. g. Declared and immediately paid $420 in dividends to stockholders. Assets Cash 4,000 Long-Term Investments 6,800 Accounts Receivable. 8,300 Liabilities Accounts Payable Unearned Revenue 2,300 5,300 Long-Term Notes Payable < Prev Next >