The following information (in $ millions) comes from the Annual Report of Saratoga Springs Company for the year ending 12/31/2024: Year ended 12/31/2024 $ 8,089 4,907 2,049 Net sales Cost of goods sold Selling and administrative expense Interest expense Income before taxes Net income Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets Total current liabilities Long-term debt Total liabilities Total stockholders' equity Required: Compute the receivables turnover ratio for 2024. Note: Round your answer to 1 decimal place. Receivables turnover ratio 556 577 598 12/31/2024 $ 1,115 1,150 1, 195 13,640 $ 17,100 $ 5,887 5,731 $11,618 $5,482 12/31/2023 804 659 3,984 $ 5,525 $2,349 2,361 $ 4,710 $815