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 $12,000 Sales revenue 1,450 Interest income 1,000 Cost of goods sold 2,750 Rent expense 4,300 Interest expense Inventory (July 31, 2021) $61,300 1,600 27,850 5,000 300 1,000 15 Required: 1. Prepare a multiple-step income statement for the month ended July 31, 2021. rt 1 of 3 BASKIN-ROBBINS Multiple-step Income Statement For the month of July 2021 Net sales: Total sales revenue Ents Net sales revenue eBook Print Operating expenses: References Total Operating income Non-operating items: Total 6 of 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 $12,000 sales revenue 1,450 Interest income 1,000 cost of goods sold 2,750 Rent expense 4,300 Interest expense Inventory (July 31, 2021) $61,300 1,600 27.850 5,000 300 1,000 ook rint 2-a. Calculate the inventory turnover ratio for the month of July rences Inventory Turnover Ratio 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 $12,000 Sales revenue 1,450 Interest income 1,000 Cost of goods sold 2,750 Rent exponse 4,300 Interest expense Inventory (July 31, 2021) $61,300 1,600 27,850 5.000 300 1,000 3. Calculate the gross profit ratio for the month of July, Gross Profit Ratio