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The 20X9 financial statement of Irvine Inc. reported Net revenues of $19,425,412 and Cost of goods sold of $7,204,884. Note 3 to the financial statements
The 20X9 financial statement of Irvine Inc. 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 of: 20X9 20X8 Winemaking and packaging materials $ 817,836 $ 690,292 Work-in-process 6,634,014 6,058,701 Finished goods 4,518,806 3,883,469 Total inventories $11,970,656 $10,632,462 The inventory turnover for 20X9 was?
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