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15 Part 2 of 3 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 lowfat Espresso 'n Cream. Assume that a local Baskin-Robbins in Raleigh, North Carolina, has the following amounts for the month of July 2021. 5 points Salaries expense Inventory (July 1, 2021) Sales returns Utilities expense Income tax expense $13,700 Sales revenue 2,300 Interest income 1,100 Cost of goods sold 3,600 Rent expense 6,000 Interest expense Inventory (July 31, 2021) $69,800 3,300 28,700 6,700 400 1,100 eBook References 2-e. Calculate the inventory turnover ratio for the month of July. Inventory Turnover Ratio