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need help finishing the income statement ,turnover ratios, and gross profit ! Required information Problem 6-7A Prepare a multiple-step income statement and calculate the inventory
need help finishing the income statement ,turnover ratios, and gross profit ! Required information Problem 6-7A Prepare a multiple-step income statement and calculate the inventory turnover ratio and gross profit ratio (L06-2, 6-7) 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 lowlat 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 Ouly 1, 2022) Sales returns Utilities expense Income tax expense $13,000 Sales revenue 1,950 Interest income 1,200 Cost of goods sold 3,250 Rent expense 5,300 Interest expense Inventory (July 31, 2021) $66, 360 2.600 28,350 6,800 500 1,200 Problem 6-7A Part 1 Required information Required: 1. Prepare a multiple-step income statement for the month ended July 31, 2021. 1 of 3 BASKIN-ROBBINS Multiple-step Income Statement For the month of July 2021 Net sales Book $ 66,300 (1 200) sk Total sales revenue Less Sales returns Net sales revenue Cost of goods sold $ 65,100 28,350 rences 36,750 Gross profit Operating expenses: Salaries expense Utilities expense Rent expense 13,000 3,250 6,000 22,250 Total Operating income
need help finishing the income statement ,turnover ratios, and gross profit
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