Exercise 11-08 a-b Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 2019 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $3,000 Accounts receivable, net 3,530 Inventories 2,666 Other current assets 1,866 Total current assets $11,062 Current liabilities $4,853 $1,890 3,170 3.040 1.555 $9,655 $5,821 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital answers to million.) Current ratio 2019 :1 2020 Working capital 2019 million $ 2020 million $ LINK TO TERT Suppose that at the end of 2020, 3M management used 5198 million cash to pay off $198 million of accounts payable. How would its current ratio and working capital have changed? (Hound current Current ratio 1 Working capital million $ Click if you would like to Show Work for this questions et Show. Work LINK TO TEXT