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

	January 31, 2015	February 1, 2014	February 2, 2013
Net sales	$108,465	$98,375	$96,619
Cost of sales (using LIFO)	85,512	78,138	76,726
Year-end inventories using FIFO	6,933	6,801	6,244
Year-end inventories using LIFO	5,688	5,651	5,146

Instructions

(a) Compute Krogers inventory turnovers for fiscal years ending January 31, 2015, and February 1, 2014, using:

(1) Cost of sales and LIFO inventory.

(2) Cost of sales and FIFO inventory.

(b) Some firms calculate inventory turnover using sales rather than cost of goods sold in the numerator. Calculate Krogers fiscal years ending January 31, 2015, and February 1, 2014, turnover, using:

(1) Sales and LIFO inventory.

(2) Sales and FIFO inventory.

(c) State which method you would choose to evaluate Krogers performance. Justify your choice.