Time-Series Analysis 23.5 2.2% 45.1% 4.09 The 3M balance sheets in Exhibit 12-19 show intangible assets of $2,167 million in 2002 and $1,250 million in 2001. Additional disclosures reveal the following detail about intangible assets, in millions: 2002 2001 Goodwill Other intangible assets Intangible assets $1,898 269 $1,012 238 $2,167 $1,250 1. Goodwill increased $886 million or 87.5% from 2001 to 2002. What does this increase tell you about the activities of 3M during the year ended December 31, 2002? 2. Suppose you calculated various ratios for 3M for the year ended December 31, 2002. If you worked problems 12-51 through 12-54 you actually calculated many ratios. This problem does not require use of specific computations. However, you might review problems 12-51 through 12-54 as a reminder of the ratios that might be impacted. Assume you have been asked to compute these same ratios for 2001. Would the increase in goodwill and the activities implied by that increase, complicate the comparison of ratios over the 2 years in question? If so, why?