Calculate the average life, average age, and asset turnover ratios for Exxon Mobil. Discuss what each ratio
Question:
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 |
Expert Answer:
Average life or age of an inventory means the time taken by inventory in the store before it sales t... View the full answer
