3M Company Balance Sheets (partial) 2020 2019 $1,879 3,015 Current assets Cash and cash equivalents Accounts receivable, net Inventories Other current assets Total current assets Current liabilities $ 3,036 3,065 2,681 1,816 $10,598 3,022 1,504 $9,420 $5,824 $ 4,988 (a) Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25 : 1.) Current ratio 2019 :1 2020 :1 Working capital 2019 million $ 2020 million $ (b) Suppose that at the end of 2020, 3M management used $230 million cash to pay off $230 million of accounts payable. How would its current ratio and working capital have changed? (Round current ratio to 2 decimal places, e.g. 1.25 : 1.)