The following ratios have been computed for Morgan Company for 2011. 
Morgan Company's 2011 financial statements with missing information follow: 
Instructions
Use the above ratios and information from the Morgan Company financial statements to fill in the missing information on the financial statements. Follow the sequence indicated. Show computations that support your answers.
Definitions:
Merchandise Inventory
Goods that a company has in stock and available for sale to customers.
Office Supplies
Items used in offices by businesses and other organizations, typically including small expendable items such as pens, paper, staples, and envelopes.
Closing Process
The accounting procedure used to close out temporary accounts and transfer their balances to permanent accounts at the end of an accounting period.
Net Income
The amount of money remaining after all operating expenses, taxes, interest, and dividends are deducted from total revenue; a key indicator of company profitability.
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