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 $73,300 5,600 3,500 6,700 2,400 35,400 Inventory (Mar. 31, 2021) Insurance expense Sales discounts Salaries expense Income tax expense $1,200 1,900 2,600 8,600 3,400 2-a. Calculate the inventory turnover ratio for the month of March Inventory Turnover Ratio ences 2-b. Would you expect this ratio to be higher or lower in December 2021? Higher Lower