Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dotcom companies. You are a financial analyst assigned to report on the Massa management teams effectiveness at managing its assets efficiently. At the start of its fourth year Massa's account balances were as follows. Dollars are in thousands.
Accounts payable $ LongTerm Investments $
Accounts receivable LongTerm Notes Payable
Additional paidin capital Rent Expense
Cash Retained earnings
Common Stock $ par value Travel Expense
Consulting Fee Revenue Wages Expense
Interest Revenue Unearned Revenue
Utilities expense
Transactions for :
Provided $ in services to clients who paid $ in cash and owed the rest on account.
Received $ cash from clients on account.
Received $ in cash as interest revenue on investments.
Paid $ in wages, $ in travel, $ in rent, and $ on accounts payable.
Received $ in cash from clients in advance of services Massa will provide next year.
Received a utility bill for $ for services.
Declared and immediately paid $ in dividends to stockholders.
Required:
Using the data from this list, calculate the amounts for the following on January
Enter the beginning balances and transactions in the Taccounts.
Compute ending balances in the Taccounts to determine amounts for the following on December
Calculate the net profit margin ratio for
