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) Cost of goods sold $76,300 Inventory (Mar. 31, 2021) 6,200 Insurance expense 4,100 Sales discounts 7,300 Salaries expense 2,700 Income tax expense 35,700 $1,200 2,200 2,900 9,200 4,80 2-a. Calculate the inventory turnover ratio for the month of March. Inventory Turnover Ratio