DVS is a national chain of drug stores. The following are excerpted from DVS 2021 financial statements (in millions). DVS has a June 30 year end.

DVSs inventory footnote follows: Inventories are valued on a lower of last-in, first-out (LIFO) cost or market basis. At June 30, 2021 and 2020, inventories would have been greater by $2,500 million and $2,200 million, respectively, if they had been valued on a lower of first-in, first-out (FIFO) cost or market basis. Inventory includes product cost, inbound freight, warehousing costs and vendor allowances that are not included as a reduction of advertising expense.

What is the reported gross profit margin (under LIFO) for the year ending June 30, 2021?

Assuming DVS had followed FIFO, their Cost of Goods Sold for the fiscal year ending June 30, 2021 would have been $109,700. Calculate inventory turnover under FIFO for the fiscal year ending June 30, 2021.