The following ratios have been computed for Morgan Company for $2024.$

Profit margin

Times interest earned

Accounts receivable turnover

Acid$-$test ratio

Current ratio

Debt to total assets ratio

$12\mathrm{.}5\%$

$8$ times

$4$ times

$2$:$1$

$3$:$1$

$20\%$

$2$:$1$

$3$:$1$

$20\%$

Morgan Company's $2024$ financial statements with missing information follow:

MORGAN COMPANY

Comparative Statements of Financial Position

December $31,$

Assets

Property, plant, and equipment $($net$)$

Inventory

Accounts receivable $($net$)$

Short$-$term Investments

Cash

Total assets

Equity and liabilities

Share capital $-$ ordinary

Retained earnings

Bonds payable

Accounts payable

Short$-$term notes payable.

Total equity and liabilities

MORGAN COMPANY

Income Statement

For the Year Ended December $31,2024$

Net sales

Cost of goods sold.

Gross profit

Expenses:

Depreciation expense

Selling expenses

Administrative expenses

Income from operations

Interest expense

Income before income taxes.

Income tax expense

Net income

$$200,000$

$\frac{75,000}{125,000}$