The following financial data were reported by 3M Company for 2009 and 2010

(dollars in millions).

3M Company eke] elale@ ops) aletaiacm ( el-) a dr-1))
2010 2009 Current assets Cash and cash equivalents SS. Bol $ 3,040 Accounts receivable, net Byouls 3,250 Inventories B55) 2,639 Other current assets 2,068 1,866 Total current assets Le AS $10,795 Current liabilities $ 6,089 $ 4,897 Instructions

(a) Calculate the current ratio and working capital for 3M for 2009 and 2010.

(b) Suppose that at the end of 2010, 3M management used $200 million cash to pay off $200 million of accounts payable. How would its current ratio and working capital have changed?