SUPERSTORE reported that its inventory turnover decreased from 17.1 times in 2019 to 15.8 times in 2020. The following data appear in SUPERSTORE's annual report.

a. Compute SUPERSTORE's inventory turnovers for 2019 and 2020 using:
(i) Cost of sales and LIFO inventory.
(ii) 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 2019 and 2020 turnover using:
(i) Sales and LIFO inventory.
(ii) 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.

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Feb. 26, 2018 Feb. 25, 2019 Feb. 24, 2020 $19,543 16,681 1,181 1,032 $19,864 $37,406 29,267 Total revenues Cost of sales (using LIFO) Year-end inventories using FIFO Year-end inventories using LIFO 16,977 1,114 2,927 2,749 954