CALCULATOR MESSAGE M Financial Statement Analysis Case 3 (Part Level Submission) The Kroger Company reported the following data in its annual report (in millions). January 31, February 1, February 2, 2015 2014 2013 Net sales Cost of sales (using LIFO) Year-end inventories using FIFO Year-end inventories using LIFO $108,465 85,512 6,933 5,688 $98,375 78,138 6,801 5,651 $96,619 76,726 6,244 5,146 (a) Compute Kroger's inventory turnovers for fiscal years ending January 31, 2015, and February 1, 2014, using: (Round ans 2015 2014 (1) Inventory turnover using cost of sales and LIFO inventory (2) Inventory turnover using cost of sales and FIFO inventory