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