The Kroger Company reported the following data in its annual report (in millions).

January 28, 2017 January 30, 2016 January 31, 2015

Net sales $115,337 $109,830 $108,465

Cost of sales (using LIFO) 89,502 85,496 85,512

Year-end inventories using FIFO 7,852 7,440 6,933

Year-end inventories using LIFO 6,561 6,168 5,688

(a)

Compute Kroger's inventory turnovers for fiscal years ending January 28, 2017, and January 30, 2016, using: (Round answers to 2 decimal places, e.g. 52.75.)

2017 2016

(1) Inventory turnover using cost of sales and LIFO inventory 14.06 14.42

(2) Inventory turnover using cost of sales and FIFO inventory 11.7 11.90

(b)

Some firms calculate inventory turnover using sales rather than cost of goods sold in the numerator. Calculate Kroger's fiscal years ending January 28, 2017, and January 30, 2016, turnover, using: (Round answers to 2 decimal places, e.g. 52.75.)

2017 2016

(1) Inventory turnover using sales and LIFO inventory

(2) Inventory turnover using sales and FIFO inventory