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The current asset section of the 2014 and 2013 fiscal year end balance sheets of the Kroger Co, are presented in the accompanying table. In

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The current asset section of the 2014 and 2013 fiscal year end balance sheets of the Kroger Co, are presented in the accompanying table. In addition, Kroger provides the following footnote describing its inventory accounting policy (assume the following is their complete disclosure): Inventories are stated at the lower of cost (principally on a LIFO basis) or market. In total, approximately 95% of inventories in 2014 and 2013 were valued using the LIFO method. Cost for the balance of the inventories, including substantially all fuel inventories, was determined using the FIFO method. Replacement cost was higher than the carrying amount by $1, 043 million at January 31, 2015 and $827 million at February 1, 2014. We follow the Link-Chain, Dollar-Value LIFO method for purposes of calculating our LIFO charge or credit. a. At What dollar amount does Kroger report its inventory in its January 31, 2015, balance sheet? $ 0 million b. What is the cumulative effect (through January 31, 2015) of the use of LIFO Kroger's pretax earnings? (Show an increase as a positive number and a decrease as a negative number.) $ 0 million c. Assuming a 35% tax rate, what is the cumulative (through January 31, 2015)tax effect of the use of LIFO to determine inventory costs? (Show an increase as a positive number and a decrease as a negative number.) (Round your answers to one decimal place.) $ 0 million

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