Provide the missing data in the following table for a distributor of martial arts p Note: Enter "Turnover" and "ROI" answers to 1 decimal place. Sales Alpha Division Bravo $ 256,000 Charlie

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Problem 6-7A (Algo) Prepare a multiple-step income statement and calculate the inventory turnover ratio and gross profit ratio (LO6-2, 6-7) 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 2024.   Salaries expense $12,600 Sales revenue $64,300 Inventory (July 1, 2024) 1,750 Interest income 2,200 Sales returns 1,000 Cost of goods sold 28,150 Utilities expense 3,050 Rent expense 5,600 Income tax expense 4,900 Interest expense 300     Inventory (July 31, 2024) 1,000 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…

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