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