14 The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021 Year ended 12/31/2021 Net sales $8,849 Cost of goods sold 4,857 Selling and administrative expense 1,999 Interest expense 506 Income before taxes 1,487 Net income 548 Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets 12/31/2021 $ 1,065 1,100 1,145 13,590 $16,900 12/31/2020 $ 73 754 609 3,934 $5,370 Total current liabilities Long-term debt Total liabilities Total stockholders' equity $ 5,837 5,681 $11,518 $ 5,382 $2,299 2,311 $4,610 $ 760 Required: Compute the asset turnover ratio for 2021. (Round your answer to 2 decimal places.) Asset turnover ratio