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The year-end financial statements for Queen Bikes reflect the data presented as follows. Queen Bikes employs a periodic inventory method and costs its ending inventory at the weighted average cost of the units available for sale. Ten percent of Queen’s net sales are in cash.  Queen’s receivables turnover ratios for Year 2 and Year 3 areA. 10.8 and 9.0, respectively. B. 9.0 and 9.375, respectively. C. 10.00 and 10.42, respectively. D. 1.00 and 1.04, respectively. |