A) Prepare a multiple-step income statement for the month ended July 31, 2018.

B)Calculate the inventory turnover ratio for the month of July.

C)Would you expect this ratio to be higher or lower in December 2018?

D)Calculate the gross profit ratio for the month of July.

beser a t cs's one of e worlds largest speas t 'cec earn shops Theo m sny offers dozens o d erer llsvors, cr Very serry Stan erry t O has the fo loing amounts for the month of.uly 2018 stes resson rem A ures hst so a Br hob ns R e Not Caron 113,700 Sleenu Salarcsxpensc Inventory (JU'Y 1, 203 Salesrurns Utilities cxpens Inccme tax expense 569,300 ,300 28,700 2 300 Interest 11 core 100 Cost of gods sold 3600 Rent exoense 6,000 nteres Inventory uly 31 2018) ,100