The document discusses ratios for a company's fuel inventory in 2017 and provides guidance on identifying and explaining the ratios in a spreadsheet. It notes there are two inventories to consider, fuel and expendable parts, but the ratios only address fuel.

1. Review the ratios provided.
(Note that there are two inventories
t
o consider for the company
: Fuel
and expendable parts.
The ratios provided
ONLY take fuel into account
.)
Identify each of the
following
ratios
that are provided in
the spreadsheet
for the year
2017
, and provide an explanation
of its meaning, comparable to

2. other years