d E10-5 The following financial data were reported by 3M Company (USA) for 2012 and 2013 (dollars in millions). 3M COMPANY Statements of Financial Position (partial) 2013 2012 Current assets Other current assets Inventories Accounts receivable, net Cash and cash equivalents Total current assets Current liabilities $ 2,035 3,864 4,253 2,581 $12,733 $ 7,498 $ 2,849 3,837 4,061 2,883 $13,630 $ 6,200 Instructions (a) Calculate the current ratio and working capital for 3M for 2012 and 2013. (b) Suppose that at the end of 2013, 3M management used $200 million cash to pay off $200 million of accounts payable. How would its current ratio and working capital have changed