Tungsten Company, Inc., sells heavy construction equipment. There are 13,000 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: Credit Debit $ 34,300 15, 100 53,600 40,300 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 $ 17,600 25,000 73,500 17,080 148,900 7,200 79,500 15,700 17,000 2,900 7,000 9,480 $ 282,080 $282,080 2. The beginning balance in Accounts Receivable (net) was $17,300. Compute the receivables turnover ratio. Receivables Turnover Ratio Numerator Denominator Net sales Average net trade accounts receivable 0 times