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Current Attempt in Progress Suppose 3M Company reported the following financial data for 2022 and 2021 (in millions). 2021 3M COMPANY Balance Sheet (partial) 2022

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Current Attempt in Progress Suppose 3M Company reported the following financial data for 2022 and 2021 (in millions). 2021 3M COMPANY Balance Sheet (partial) 2022 Current assets Cash and cash equivalents $3,015 Accounts receivable, net 3,220 Inventories 2,615 Other current assets 1,840 Total current assets $10,690 Current liabilities $4,276 $1,820 3,170 2,980 1,510 $9,480 $5,676 (a) Calculate the current ratio for 3M for 2022 and 2021. (Round answers to 2 decimal places, e.g. 1.25:1) 2022 2021 Current ratio :1 :1

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