Need help with this problem. I attached the pdf of the company balance sheet to get the following answers:

Inventory conversion from LIFO to FIFO

Required:

Using the attached financial data related to Kroger, convert the data from LIFO to FIFO and compute the following for 2019:

Assume a tax rate of 30%

Show your supporting computations in good form

Inventory under FIFO_____________

COGS under FIFO_____________

Net Income-FIFO____________

Change in cash flow- 2019_________

Cumulative tax savings__________

Inventory turnover ratio-2019____________

Days of inventory on hand______________

GP margin -2019_______________

Current ratio-2019_______________

THE KROGER CO. CONSOLIDATED STATEMENTS OF OPERATIONS Years Ended February 1, 2020, February 2, 2019 and February 3, 2018 2019 2018 2017 (52 weeks) (52 weeks) (53 weeks) (In millions, except per share amounts) $ 122,286 $ 121,852 $ 123,280 Sales Operating expenses Merchandise costs, including advertising, warehousing, and transportation, 95,294 95.103 95.811 excluding items shown separately below 21,208 20,786 21,510 Operating, general and administrative 884 884 911 Rent Depreciation and amortization 2,649 2,465 2,436 Operating profit 2,251 2,614 2,612 Other income (expense) Interest expense (603) (620) (601) Non-service component of company-sponsored pension plan costs (26) (527) Mark to market gain on Ocado securities 157 228 Gain on sale of businesses 176 1,782 Net earnings before income tax (benefit) expense 1,981 3,978 1,484 Income tax (benefit) expense 469 900 (405) Net earnings including noncontrolling interests 1,512 3,078 1,889 Net loss attributable to noncontrolling interests (147) (32) (18) Net earnings attributable to The Kroger Co. $ 1,659 $ 3,110 1,907 Net earnings attributable to The Kroger Co. per basic common share $ 2.05 $ 3.80 2.11 Average number of common shares used in basic calculation 799 810 895 Net earnings attributable to The Kroger Co. per diluted common share $ 2.04 $ 3.76 S 2.09 Average number of common shares used in diluted calculation 805 818 904 The accompanying notes are an integral part of the consolidated financial statements.Inventories Inventories are stated at the lower of cost (principally on a last-in, first-out "LIFO" basis) or market. In total, approximately 91% of inventories in 2019 and 90% of inventories in 2018 were valued using the LIFO method. The remaining inventories, including substantially all fuel inventories, are stated at the lower of cost (on a FIFO basis) or net realizable value. Replacement cost was higher than the carrying amount by $1,380 at February 1, 2020 and $1,377 at February 2, 2019( The Company follows the Link-Chain, Dollar-Value LIFO method for purposes of calculating it's LIFO charge or credit. The item-cost method of accounting to determine inventory cost before the LIFO adjustment is followed for substantially all store inventories at the Company's supermarket divisions. This method involves counting each item in inventory, assigning costs to each of these items based on the actual purchase costs (net of vendor allowances and cash discounts) of each item and recording the cost of items sold. The item-cost method of accounting allows for more accurate reporting of periodic inventory balances and enables management to more precisely manage inventory. In addition, substantially all of the Company's inventory consists of finished goods and is recorded at actual purchase costs (net of vendor allowances and cash discounts). The Company evaluates inventory shortages throughout the year based on actual physical counts in its facilities. Allowances for inventory shortages are recorded based on the results of these counts to provide for estimated shortages as of the financial statement date. Property, Plant and Equipment Property, plant and equipment are recorded at cost or, in the case of assets acquired in a business combination, at fair value. Depreciation and amortization expense, which includes the depreciation of assets recorded under finance leases, is computed principally using the straight-line method over the estimated useful lives of individual assets. Buildings and land improvements are depreciated based on lives varying from 10 to 40 years. All new purchases of store equipment are assigned lives varying from three to nine years. Leasehold improvements are amortized over the shorter of the lease term to which they relate, which generally varies from four to 25 years, or the useful life of the asset. Food production plant and distribution center equipment is depreciated over lives varying from three to 15 years. Information technology assets are generally depreciated over three to five years. Depreciation and amortization expense was $2,649 in 2019, $2,465 in 2018 and $2,436 in 2017. Interest costs on significant projects constructed for the Company's own use are capitalized as part of the costs of the newly constructed facilities. Upon retirement or disposal of assets, the cost and related accumulated depreciation and amortization are removed from the balance sheet and any gain or loss is reflected in net earnings. Refer to Note 4 for further information regarding the Company's property, plant and equipment. Leases The Company leases certain store real estate, warehouses, distribution centers, office space and equipment. The Company determines if an arrangement is a lease at inception. Finance and operating lease assets and liabilities are recognized at the lease commencement date. Finance and operating lease liabilities represent the present value of minimum lease payments not yet paid. Operating lease assets represent the right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepayments, lease incentives and impairment, if any. To determine the present value of lease payments, the Company estimates an incremental borrowing rate which represents the rate used for a secured borrowing of a similar term as the lease.THE KROGER CO. CONSOLIDATED BALANCE SHEETS February 1, February 2, 2020 2019 (In millions, except par amounts) ASSETS Current assets Cash and temporary cash investments S 399 S 429 1,179 1,181 Store deposits in-transit 1,706 1,589 Receivables FIFO inventory 8,464 8, 123 LIFO reserve (1,380) (1,277) Assets held for sale 166 Prepaid and other current assets 522 592 10,803 Total current assets 10,890 Property, plant and equipment, net 21,871 21,635 Operating lease assets 6,814 Intangibles, net 1,066 1,258 Goodwill 3,076 3,087 Other assets 1,539 1,335 Total Assets 45,256 S 38,118 LIABILITIES Current liabilities Current portion of long-term debt including obligations under finance leases 1,965 $ 3,157 Current portion of operating lease liabilities 597 Trade accounts payable 6.349 6.059 Accrued salaries and wages 1,168 1,227 Liabilities held for sale 51 Other current liabilities 4,164 3,780 Total current liabilities 14,243 14,274 Long-term debt including obligations under finance leases 12,11 1 12,072 Noncurrent operating lease liabilities 6,505 Deferred income taxes 1,466 1,562 Pension and postretirement benefit obligations 608 494 Other long-term liabilities 1,750 1,881 Total Liabilities 36,683 30,283 Commitments and contingencies see Note 13 SHAREHOLDERS' EQUITY Preferred shares, $100 par per share, 5 shares authorized and unissued Common shares, $1 par per share, 2,000 shares authorized; 1,918 shares issued in 2019 and 2018 Additional paid-in capital 1,918 1,918 Accumulated other comprehensive loss 3,337 3,245 Accumulated earnings (640) (346) Common shares in treasury, at cost, 1, 130 shares in 2019 and 1,120 shares in 2018 20,978 19,681 (16,991) (16,612) Total Shareholders' Equity - The Kroger Co. Noncontrolling interests 8,602 7,886 (29) (51) Total Equity 8,573 7,835 Total Liabilities and Equity 45,256 38,118 The accompanying notes are an integral part of the consolidated financial statements