Hello, Please explain answer. I have Exxon Mobil's balance sheet for the past two years. Thank you.

• Calculate the average life, average age, and asset turnover ratios. 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