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Current Attempt in Progress Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). 3M Company Balance
Current Attempt in Progress Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). 3M Company Balance Sheets (partial) 2022 2021 Current assets Cash and cash equivalents $3,090 $1,818 Accounts receivable, net 3,460 3.125 Inventories 2,657 3,031 Other current assets 1.914 1,638 Total current assets $11,121 $9,612 Current liabilities $4,896 $5,857 Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital answers to million.) Current ratio 2021 2022 Working capital 2021 :1 :1 million 2022 $ million Textbook and Media
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