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 Cost of goods sold Selling and administrative expense Interest expense $8,059 4,877 2,019 526 637 Income before taxes Net income 568 12/31/2021 $ 1,085 1,120 1,165 13,610 12/31/2020 Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net 75 774 629 3,954 Total assets $16,980 $5,432 Total current liabilities Long-term debt Total liabilities $ 5,857 5,701 $2,319 2,331 $11,558 $4,650 Total stockholders' equity $5,422 782 Required: Compute the inventory turnover ratio for 2021. (Round your answer to 1 decimal place.) Inventory turnover ratio

The following information (in 5 millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021 Year ended 12/31/2021 Net sales $8,059 Cost of goods sold 4,022 selling and administrative expense 2,019 Interest expense Income before taxes 637 Net Income 568 Cash and cash equivalents Receivables, net Inventaries Land, buildings and equipment at cast, net Total assets 12/31/2021 $ 1.385 11.12 1,165 13,610 $16,900 12/30/2020 $ 75 774 629 3,954 $5,432 Total current liabilities Lontterm debt Total Habilities Total stockholders equity 2013 $11,550 $ 5,22 52,319 21 54,650 $782 Required: Compute the inventory turnover ratio for 2021 (Round your answer to 1 decimal place.) monumento