Business, 16.10.2020 06:01 ctyrector

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$8,109
Cost of goods sold 4,927
Selling and administrative expense 2,069
Interest expense 576
Income before taxes 537
Net income 618 12/31/2021 12/31/2020
Cash and cash equivalents $1,135 $80
Receivables, net 1,170 824
Inventories 1,215 679
Land, buildings and equipment at cost, net 13,660 4,004
Total assets $17,180 $5,587
Total current liabilities $5,907 $2,369
Long-term debt 5,751 2,381
Total liabilities $11,658 $4,750
Total stockholders' equity $5,522 $837
Required:
Compute the average collection period for 2021. (Round your final answer to 1 decimal place.)

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The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for t...

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