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B Required Information The following information applies to the questions as played 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 $1,200 2,200 2,990 Sales revenue Advertising expense Rent expense Gain on sale of building Inventory (Mar 1, 2021) Cost of goods sold $76,50 Inventory (Mar 31, 2021) 1,20 Insurance expense 4. Sales discounts 7,00 salaries expense 2, Income tax expense 35,700 4,00 Print 10 3. Calculate the gross profit ratio for the month of March Grass Profa Ratio