estion 8 of 12 1 / 4 View Policies Show Attempt History 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 $ 1,800 Accounts receivable, net 3,360 3,165 Inventories 2,756 3,001 Other current assets 1,872 1,629 Total current assets $ 11,078 $ 9,595 Current liabilities $ 4,756 $ 5,872 (a) Your Answer Correct Answer (Used) Partially correct answer icon Your answer is partially correct. 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 enter ratio rounded to 2 decimal places 2.33: 1 :1 2022 enter ratio rounded to 2 decimal places 1.63: 1 :1 Working capital 2021 $ enter a dollar amount in millions 3723 million 2022 $ enter a dollar amount in millions 6322 million eTextbook and Media Solution Attempts: 5 of 5 used (b) New attempt is in progress. Some of the new entries may impact the last attempt grading. Your answer is incorrect. Suppose that at the end of 2022, 3M management used $ 193 million cash to pay off $ 193 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. Enter working capital answer to million.) Current ratio enter ratio rounded to 2 decimal places :1 Working capital $ enter a dollar amount in millions million