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		8,504
Total operating revenue		8,504
Cost of goods sold		4,892
Sales, general & administrative		1,954
Interest expense		441
Income before tax		692
Net income		481

	12/31/2016			12/31/2015
Cash and cash equivalents		1,000			69
Receivables, net		1,150			679
Inventories		1,110			554
Land, buildings and equipment at cost, net		14,030			4,689
Total assets		17,290			5,991
Accounts payable		7,213			3,104
Total current liabilities		7,213			3,104
Long-term debt		5,846			2,386
Deferred income taxes		430			448
Total liabilities		13,489			5,938
Minority interest		978			0
Retained earnings		2,823			53
Total stockholders' equity		3,801			53
a)Compute the profit margin on sales for 2016 of Saratoga Springs Co b)Compute the receivables turnover ratio for 2016 of Saratoga Springs Co c).Compute the inventory turnover ratio for 2016 of Saratoga Springs Co