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The Fun Zone sells a variety of children's toys, games, books, and accessories: Asstme that...

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Accounting

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The Fun Zone sells a variety of children's toys, games, books, and accessories: Asstme that a local store has the following amounts for the month of March 2024 Required: 1. Prepare a multiple-step income statement for the month ended March 31,2024 2-0. Calculate the inventory turnover ratio for the month of March. 2-b. Would you expect this ratio to be higher or lower in December 2024 ? 3. Calculate the gross profit ratio for the month of March. Complete this question by entering your answers in the tabs below. Prepare a multiple step income statement for the month ended March 31, 2024. The Fun Zone sells a variety of children's toys, games, books, and accessories. Assume that a local store the month of March 2024

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