1. The 2016financial statement of Valley Vineyards reported Net revenues of $39,425,412and Cost of goods sold of $27,204,884. Note 3to the financial statementsreported that Inventories consisted of:

	2016	2015
Winemaking and packaging materials	$ 517,836	$690,292
Work-in-process	5,934,014	6,058,701
Finished goods	4,518,806	3,883,469
Total inventories	$10,970,656	$10,632,462

What was the inventory turnover for 2016? ____________

How did you compute this number?