The Krin reported the following data in its annual report (in millions).
January
31, Net sales
Cost of
sales
(using
LIFO)
Year-end
inventorie
s using
FIFO
Year-end
inventorie
s using
LIFO February
1, February
2, 2015 2014 2013 $108,465 $98,375 $96,619 85,512 78,138 76,726 6,933 6,801 6,244 5,688 5,651 5,146 Compute Krin’s inventory turnovers for fiscal years ending January 31, 2015, and February 1, 2014,
using: (Round answers to 2 decimal places, e.g. 52.75.)
2015
(1) Inventory turnover using cost of sales and LIFO inventory (2) Inventory turnover using cost of sales and FIFO inventory 2014