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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
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 $ 8,069 4,887 2,029 536 617 578 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 average days in inventory for 2024. 12/31/2024 $1,095 1,130 1,175 13,620 $ 17,020 $5,867 5,711 $ 11,578 $ 5,442 12/31/2023 $ 76 784 639 3,964 $ 5,463 $ 2,320 2,341 $ 4,670 $ 703 Note: Round your intermediate calculations to 1 decimal place. Round your final answer to 1 decimal place. Proy 11 of 17 Nov Check my Required: Compute the average days in inventory for 2024, Note: Round your intermediate calculations to 1 decimal place. Round your final answer to 1 decimal place. Average days in inventory 1010 days
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