Refer to the financial information of (3 mathrm M ) Company in P4 36 to answer the following requirements section Required a Comput the current ratio and quick ratio for 2007 and 2006 Comment on any observed trends b Compute times interest earned and liabilities to equity ratios for 2007 and 2006 C...

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Refer to the financial information of (3 mathrm{M}) Company in P4-36 to answer the following requirements. section*{Required}

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Refer to the financial information of \(3 \mathrm{M}\) Company in P4-36 to answer the following requirements.

\section*{Required}

a. Computè the current ratio and quick ratio for 2007 and 2006. Comment on any observed trends.

b. Compute times interest earned and liabilities-to-equity ratios for 2007 and 2006. Comment on any noticeable changes.

c. Summarize your findings about the company's liquidity and solvency. Do you have any concerns about its ability to meet its debt obligations?

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