Baskin Aobbins is one of the wortids largest specialty ice cream shops, The company offers dozens of ditferent flavors, from Very Beny 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 2024. Pequired: 1. Prepare a multigle-step inceme statement for the month ended July 31, 2024 2-a. Calculate the inventory turnower ratio for the month of July. 2-b. Would you expect this ratio to be higher of lower in December 2024? 3. Colculate the gross profit ratio for the month of July. 2-a. Calculate the inventory turnover ratio for the month of July. 2-b. Would you expect this ratio to be higher or lower in December 3. Calculate the gross profit ratio for the month of July. Complete this question by entering your answers in the tabs bo Calculate the inventory turnover ratio for the month of July. Required: 1. Prepare a multiple-step income statement for the month ended July 31, 2024. 2 -a. Calculate the inventory turnover ratio for the month of July. 2-b. Would you expect this ratio to be higher or lower in December 2024 ? 3. Calculate the gross profit ratio for the month of July. Complete this question by entering your answers in the tabs below. Would you expect this ratio to be higher Jor lower in December 2024? Would you expect this ratio to be higher or lower in December 2024? 2-a. Calculate the inventory turnover ratio for the month of July. 2-b. Would you expect this ratio to be higher or lower in December 2024? 3. Calculate the gross profit ratio for the month of July. Complete this question by entering your answers in the tabs below. Calculate the gross profit ratio for the month of July