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Here's my ? The 2016 financial statement of Willamette Valey Vineyards reported Net revenues of $19,425,412 and Cost of goods sold of $7,204,884. Note 3
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The 2016 financial statement of Willamette Valey Vineyards reported Net revenues of $19,425,412 and Cost of goods sold of $7,204,884. Note 3 to the financial statements reported that Inventories consisted ot: Winemaking and packaging materials Work-in-process Finished goods Total inventories 2016 5 817,836 6,634,014 4,518,806 $11,970,656 2015 $ 690,292 6,058,701 3,883,469 $10,632,462 The inventory turnover for 2016 was: A) 0.57 B) 0.64 C) 0.59 D) 1.71 E) None of the aboveStep by Step Solution
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