Required $1$

Required $2$a

Required $2$ b

Required $3$

Calculate the inventory turnover ratio for the month of March.

$\backslash$table$[[$Inventory Turnover Ratio,$],[$Numerator$/$Denominator$,$Amounts,,$],[,,,0],[,,=,0]]$

Required $1$

Required $2$a

Required $2$b

Required $3$

Would you expect this ratio to be higher or lower in December $2024?$

Would you expect this ratio to be higher or lower in December $2024?$

Required $1$

Required $2$a

Required $2$b

Required $3$

Calculate the gross profit ratio for the month of March.

$\backslash$table$[[$Gross Profit Ratio,$],[$Numerator$/$Denominator$,$Amounts,,$],[,=,,0],[,,,0]]$

THE FUN ZONE

Multiple$-$Step Income Statement

For the Month of March, $2024$

$\backslash$table$[[$Net sales:,,$],[$Total sales revenue,,$],[$Net sales revenue,,$],[,,],[,,],[$Operating expenses:,,$],[,,],[,,],[$Total Operating Expenses,,$],[$Operating income,,$],[$Nonoperating items:,,$],[,,],[,,],[$Total Nonoperating Items,,$],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$The Fun Zone sells a variety of children's toys, games, books, and accessories. Assume that a local store has the following amounts for the month of March $2024.$

$\backslash$table$[[$Sales revenue,$$71,300,$Inventory $($March $31,2024),$$$1,100$