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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

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 $ 8,039
Cost of goods sold 4,857
Selling and administrative expense 1,999
Interest expense 506
Income before taxes 677
Net income 548

12/31/2021 12/31/2020
Cash and cash equivalents $ 1,065 $ 73
Receivables, net 1,100 754
Inventories 1,145 609
Land, buildings and equipment at cost, net 13,590 3,934
Total assets $ 16,900 $ 5,370
Total current liabilities $ 5,837 $ 2,299
Long-term debt 5,681 2,311
Total liabilities $ 11,518 $ 4,610
Total stockholders' equity $ 5,382 $ 760

Required: Compute the inventory turnover ratio for 2021. (Round your answer to 1 decimal p

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