I need both solution for numbers 2 and 3

! Required information [The following information applies to the questions displayed below.] Baskin-Robbins is one of the world's largest specialty 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 Inventory (July 1, 2021) Sales returns Utilities expense Income tax expense $13,400 2,150 1,100 3,450 5,700 Sales revenue Interest income Cost of goods sold Rent expense Interest expense Inventory (July 31, 2021) $68,300 3,000 28,550 6,400 400 1,100 2-a. Calculate the inventory turnover ratio for the month of July. Inventory Turnover Ratio 2-b. Would you expect this ratio to be higher or lower in December 2021? O Higher O Lower 3. Calculate the gross profit ratio for the month of July. Gross Profit Ratio