Requlred Information [The following information applies to the questions displayed below.] Tungsten Company, Incorporated, sells heavy construction equipment. There are 10,000 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 $16,000. Compute the receivables turnover ratio