Calculate the average life, average age, and asset turnover ratios for Exxon Mobil. Discuss what each ratio tells you in the context of your chosen company. Calculate the accounts receivable turnover ratio and convert that ratio into days. Discuss what each ratio tells you in the context of your chosen company.

Assets

Fiscal year is January-December. All values USD millions.	2018	2019
Cash & Short Term Investments	3.04B	3.09B
Cash Only	3.04B	3.09B
Short-Term Investments	-	-
Total Accounts Receivable	24.7B	26.97B
Accounts Receivables, Net	19.64B	21.1B
Accounts Receivables, Gross	20.04B	21.51B
Bad Debt/Doubtful Accounts	(400M)	(405M)
Other Receivables	5.06B	5.87B
Inventories	18.96B	18.53B
Finished Goods	14.8B	14.01B
Work in Progress	-	-
Raw Materials	4.16B	4.52B
Progress Payments & Other	-	-
Other Current Assets	1.27B	1.47B
Miscellaneous Current Assets	1.27B	1.47B
Total Current Assets	47.97B	50.05B