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The Kroger Company reported the following data in its annual report (in millions). Net sales Cost of sales (using LIFO) Year-end inventories using FIFO Year-end

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The Kroger Company reported the following data in its annual report (in millions). Net sales Cost of sales (using LIFO) Year-end inventories using FIFO Year-end inventories using LIFO January 28, January 30, January 31, 2017 2016 2015 $115,337 $109,830 $108,465 89,502 85,496 85,512 7,852 7,440 6,933 6,561 6,168 5,688 Compute Kroger's inventory turnovers for fiscal years ending January 28, 2017, and January 30, 2016, using: (Round answer 2017 2016 (1) Inventory turnover using cost of sales and LIFO inventory (2) Inventory turnover using cost of sales and FIFO inventory e Textbook and Media Some firms calculate inventory turnover using sales rather than cost of goods sold in the numerator. Calculate Kroger's fiscal year 2017, and January 30, 2016, turnover, using: (Round answers to 2 decimal places, s. 52.75.) 2017 (1) Inventory turnover using sales and LIFO inventory 2016 (2) Inventory turnover using sales and FIFO inventory

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