*Case 3 SUPERSTORE SUPERSTORE reported that its inventory turnover decreased from 17.1 times in 2015 to 15.8 times in 2016. The following data appear in SUPERSTORE's annual report Feb. 24 Feb. 26, Feb. 25, 2014 2015 2016 $19,864 16,977 1,114 954 $19,543 16,681 1,181 1,032 $37,406 29,267 Total revenues Cost of sales (using LIFO) Year-end inventories using FIFO Year-end inventories using LIFO 2,927 2,749 (a) Compute SUPERSTORE's inventory turnovers (see Appendix 5A for the inventory turnover formula) for 2015 and 2016 using: (1) Cost of sales and LIFO inventory (2) Cost of sales and FIFO inventory (b) Some firms calculate inventory turnover using sales rather than cost of goods sold in the numerator Calculate SUPERSTORE's 2015 and 2016 turnover using: (1) Sales and LIFO inventory (2) Sales and FIFO inventory (c) Describe the method that SUPERSTORE appears to use. (d) State which method you would choose to evaluate SUPERSTORE's performance. Justify your choice