Fall 2020) Saved Tungsten Company, Inc., sells heavy construction equipment. There are 10,500 shares of capital stock outstanding. The annual fiscal period ends on December 31. The following condensed trial balance was taken from the general ledger on December 31. Current Year: Credit $ Debit 35,600 15,000 53,800 41,100 Account Titles Cash Accounts receivable (net) Inventory, ending Operational assets Accumulated depreciation Liabilities Capital stock Retained earnings, January 1, Current Year Sales revenue Sales returns and allowances Cost of goods sold Selling expense Administrative expense Bad debt expense Sales discounts Income tax expense Totals $ 17,800 25,400 73,000 18,880 148,500 6,400 78,900 15,500 N 17,300 3,300 8,000 8,680 $ 283,580 $283,580 2. The beginning balance in Accounts Receivable (net) was $16,300. Compute the receivables turnover ratio. Receivables Turnover Ratio Numerator Denominator 0 times