Problem 6.7A (Static) Prepare a multiple-step income statement and calculate the inventory turnover ratio and gross profit ratio (LO62,67) Baskin-Robbins is one of the world's largest specialty ice cream shogs. The company offers dozens of different flavors, from Very Berry Stravbery to fowfat Espresso 'n Cream, Assume that a local Baskin-Robbins in Raleigh, North Carolina, has the folowing amounts for the mointh of duly 2024. Required: 1. Prepare a muitiple-step income statement for the month ended July 31,2024. 2:3. 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. Caleulate the gross profit ratio for the month of July. Comglete this quastion by entering your answers in the tabs below