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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: 14 Year ended 12/31/2021 Net
The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021: 14 Year ended 12/31/2021 Net sales $7,999 Cost of goods sold 4,817 Selling and administrative expense 1,959 Interest expense 466 Income before taxes 757 Net income 508 Skipped Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets 12/31/2021 $ 1,025 1,060 1,105 13,550 $16, 740 12/31/2020 $ 69 714 569 3,894 $5,246 Total current liabilities Long-term debt Total liabilities Total stockholders' equity $ 5,797 5,641 $11,438 $ 5,302 $2,259 2,271 $4,530 $ 716 Required: Compute the average days in inventory for 2021. (Round your final answer to 1 decimal place.) Average days in inventory days
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