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Following is the balance sheet for 3M Company. Prepare common-size balance sheets for 2017 and 2016. Round answers to one decimal place. (i.e., 0.8867 =

Following is the balance sheet for 3M Company. Prepare common-size balance sheets for 2017 and 2016.

Round answers to one decimal place. (i.e., 0.8867 = 88.7%). Please see attached photo for question. Thank you!

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Common-Size Balance Sheets Following is the balance sheet for 3M Company. Prepare common-size balance sheets for 2017 and 2016. Round answers to one decimal place. (i.e., 0.8867 = 88.7%) 3M Company and Subsidiaries Common-size Balance Sheets ($ millions) Dec. 31, 2017 Dec. 31, 2016 Cash and cash equivalents $4,129 $2,678 % Accounts receivable 4,911 4,392 Total inventories 4,034 3,385 Prepaids 937 821 Other current assets 266 450 Total current assets 14,277 11,726 Property, plant and equipment, net 8,866 8,516 Goodwill 10,513 9,166 Intangible assets, net 2,936 2,320 Other assets 1,395 1,178 Total assets $37,987 $32,906 Short-term debt & current portion of L-T debt $1,853 $972 Accounts payable 1.945 1,798 Accrued payroll 870 678 Accrued income taxes 310 299 Other current liabilities 2,709 2,472 Total current liabilities 7,687 OX 6,219 Long-term debt 12,096 10,678 Pension and postretirement benefits 3,620 4,018 Other liabilities 2,962 OX 1,648 % Total liabilities 26,365 % 22.563 Vo Total equity 11,622 10,343 Total liabilities and equity $37,987 %% $32,906 %

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