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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 $ 7,959
Cost of goods sold 4,777
Selling and administrative expense 1,919
Interest expense 426
Income before taxes 837
Net income 468

12/31/2021 12/31/2020
Cash and cash equivalents $ 985 $ 65
Receivables, net 1,020 674
Inventories 1,065 529
Land, buildings and equipment at cost, net 13,510 3,854
Total assets $ 16,580 $ 5,122
Total current liabilities $ 5,757 $ 2,219
Long-term debt 5,601 2,231
Total liabilities $ 11,358 $ 4,450
Total stockholders' equity $ 5,222 $ 672

Required: Compute the receivables turnover ratio for 2021. (Round your answer to 1 decimal place.)

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