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

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Accounting

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

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 sales and FIFO

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