The following information (in $ millions) comes from the Annual Report of Saratoga Springs Company for the year ending 12/31/2024: Net sales Cost of goods sold Selling and administrative expense Interest expense Income before taxes Net income Year ended 12/31/2024 $ 8,149 4,967 2,109 616 457 658 Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets Total current liabilities Long-term debt Total liabilities Total stockholders' equity Required: Compute the inventory turnover ratio for 2024. Note: Round your answer to 1 decimal place. Inventory turnover ratio 12/31/2024 $ 1,175 12/31/2023 $ 84 1,210 1,255 13,700 $ 17,340 $ 5,947 5,791 $ 11,738 $ 5,602 864 719 4,044 $ 5,711 $ 2,409 2,421 $ 4,830 $ 881