The following partial income statement and balance sheet information (in $ millions) comes from the...

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Accounting

The following partial income statement and balance sheet information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2016:

Year ended 12/31/2016
Net sales 7,949
Total operating revenue 7,949
Cost of goods sold 4,767
Sales, general & administrative 1,909
Interest expense 416
Income before tax 667
Net income 458

12/31/2016 12/31/2015
Cash and cash equivalents 975 64
Receivables, net 1,010 664
Inventories 1,055 519
Land, buildings and equipment at cost, net 13,500 3,844
Total assets 16,540 5,091
Accounts payable 6,966 2,395
Total current liabilities 6,966 2,395
Long-term debt 5,591 2,221
Deferred income taxes 407 423
Total liabilities 12,964 5,039
Minority interest 1,008 0
Retained earnings 2,568 52
Total stockholders' equity 3,576 52

1. Required: Compute the average collection period for 2016 of Saratoga Springs Co. ( Round your intermediate and final answer to 1 decimal place. Use 365 days a year.

2.Compute the return on stockholders equity for 2016 of Saratoga, springs Co. ( Round your answer to 1 decimal place.)

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