The 2016 Financial Statement of Willamette Valley Vineyards Reported Net

Multiple Choice

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