Required information [The following information applies to the questions displayed below.] Tungsten Company, Incorporated, sells heavy construction equipment. There are 12,500 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: 2. The beginning balance in Accounts Receivable (net) was $16,100. Compute the receivables turnover ratio. 2. The beginning balance in Accounts Receivable (net) was $16,100. Compute the receivables turnover ratio