Required information [The following information applies to the questions displayed below.] Toys 'R' Us 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 2021, Sales revenue Advertising expense Rent expense Gain on sale of building Inventory (Mar. 1, 2021) Coat of goods sold $75,300 6,000 3,900 7,100 2,600 35,600 Inventory (Mar. 31, 2021) Insurance expense Sales discounts Salaries expense Income tax expense $1,100 2,100 2,800 9.000 3,800 es 3. Calculate the gross profit ratio for the month of March Gross Profit Ratio 0 Gross profit Net sales