0 Required information Problem 6 7A Prepare a multiple-step income statement and calculate the inventory turnover ratio and gross profit ratio (LO6-2,6-7 The following information applies to the questions displayed below) Baskin Robbins is one of the world's largest speciality ice cream shops. The company offers dozens of different flavors, from Very Berry Strawberry to lowfat Espresso 'n Cream. Assume that a local Baskin-Robbins in Raleigh, North Carolina, has the following amounts for the month of July 2021 Salaries expense Iaventory (July 1, 2021) Sales returne Utilities expense ncone tax expense $33,700 Salen revenue 69,800 3,300 28,700 ,700 400 Inventory (July 31, 2021) 1,100 2,300 Interest incone 1,100 Cost of goods sold 3,600 Rent expense 6,000 Interest expense