The 2016 financial statement of Willamette Valley 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 of:
The inventory turnover for 2016 was:
A) 0.57
B) 0.64
C) 0.59
D) 1.71
E) None of the above

Question

The 2016 financial statement of Willamette Valley 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 of:
 The inventory turnover for 2016 was:
A) 0.57 
B) 0.64 
C) 0.59 
D) 1.71 
E) None of the above

Quizplus · Accepted Answer

The Answer of The 2016 financial statement of Willamette Valley 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 of:
 The inventory turnover for 2016 was:
A) 0.57 
B) 0.64 
C) 0.59 
D) 1.71 
E) None of the above

The 2016 Financial Statement of Willamette Valley Vineyards Reported Net