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I need the solutions to this problem. 2 O Required Information The following...

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Accounting

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I need the solutions to this problem.
2 O Required Information The following information applies to the questions displayed below Part 2 of 3 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 1 points Sales revenue Advertising expense Rent expense dain on sale of building Inventory (Mar. 1, 2021) Cost of goods sold $76,100 Inventory (Mar 31, 2021) 6,200 Insurance expense 4,100 Sales discounts 7,380 Salaries expense 2,700 Income tax expense 35,700 $1,200 2,200 2, NO 9.200 4,000 eBook Print 2-o. Calculate the inventory turnover ratio for the month of March Derences Inventory Turnover Ratio 2-b. Would you expect this ratio to be higher or lower in December 2021? O Higher O Lower

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