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:

2016

2015

winemaking and packaging materials

$ 817,836

$ 690,292

work-in-progress

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 2016 was:

select one:

a. 0.57

b. 0.64

c. 0.59

d. 1.71

e. none of the above

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?