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. $68,800 3.100 Salaries expense Inventory (July 1, 2021) Sales returns Utilities expense Income tax expense $13.500 Sales revenge 2.200 Interest income 1.000 coat of goods sold 3,500 Rent expense 5.800 Interest expense Inventory (July 31, 2021) 28.600 6,500 300 1,000 2-a. Calculate the inventory turnover ratio for the month of July. Inventory Turnover Ratio