E$3-17($Algo$)$ Analyzing the Effects of Transactions Using T$-$Accounts and Interpreting the Net Profit Margin Ratio as a Financial Analyst LO$3-4,3-6$

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 $2024($its fourth year$),$ Massa's account balances were as follows. Dollars are in thousands.

Accounts payable$$1,700$Long$-$Term Investments$$6,700$Accounts receivable$8,100$Long$-$Term Notes Payable$1,300$Additional paid$-$in capital$3,485$Rent Expense$0$Cash$3,400$Retained earnings$6,100$Common Stock $($$$0\mathrm{.}10$ par value$)615$Travel Expense$0$Consulting Fee Revenue$0$Wages Expense$0$Interest Revenue$0$Unearned Revenue$5,000$Utilities expense$0$