3M COMPANY Consolidated Statements of Income For Years Ended December 31 (\$ millions) 20182017 Net sales. ........................................ $32,765$31,657 Operating expenses Cost of sales. ...... Business Publishers Module 4 Analyzing and interpreting Financial State Problem 3: Using the above financial statements from problems 1 and 2 calculate the following ratios if you are able based on the information shown. If you are able, show your calculation. If you are not able given the information shown, indicate what is missing. After calculating each ratio indicate whether the trend from 2017 to 2018 is good or bad and why. 3M COMPANY Consolidated Statements of Income For Years Ended December 31 (\$ millions) 20182017 Net sales. ........................................ $32,765$31,657 Operating expenses Cost of sales. ...... Business Publishers Module 4 Analyzing and interpreting Financial State Problem 3: Using the above financial statements from problems 1 and 2 calculate the following ratios if you are able based on the information shown. If you are able, show your calculation. If you are not able given the information shown, indicate what is missing. After calculating each ratio indicate whether the trend from 2017 to 2018 is good or bad and why