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 lowrat Espresso 'n Cream. Assume that a local Baskin Robbins in Raleigh, North Carolina has the following amounts for the month of July 2021. Salaries expense Inventory (July 1, 2021) Sales returns Utilities expense Income tax expense $13,700 2,300 1,100 3,600 6,000 Sales revenue Interest income Cost of goods sold Rent expense Interest expense Inventory (July 31, 2021) $69,800 3,300 28,700 6,700 ces 2-a. Calculate the inventory turnover ratio for the month of July. Inventory Turnover Ratio Cash collected 40,000 Net sales