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Hi I need help answering the following question The following information on $ millions) comes from the Annual Report of Saratoga Springs Co. for the

Hi I need help answering the following question image text in transcribed
The following information on $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021 Year unded 12/31/2021 Net sales 58,019 Cost of goods sold 4,837 Selling and administrative expense 1,979 Interest expense Income before taxes 712 Net income 528 Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets 12/31/2021 $ 1,45 1,00 1,125 13,50 $16,820 12/3372020 5 71 734 589 32014 $ 5,37 Total current liabilities Long-term debt Total liabilities Total stockholders' equity 32,279 2.291 56,570 511,47 Required: Compute the inventory turnover ratio for 2021 (Round your answer to 1 decimal place) Inventory turnoverrato

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