For each of the ratios you must make a brief explanation of the situation. The explanation will becomparative in relation to the years and situation detected. (remember, it compares to previous years, in this case it will be against previous years)

3M COMPANY

Selected Financial Data (US$ in millions)

Ratio201720182019

Current ratio1.861.891.41

Quick ratio1.331.290.96

Inventory Turnover3.973.824.15

Average age of inventory929688

Average collection period57days56days54days

Average payment period44days50days47days

Total asset turnover0.830.900.72

Debt ratio37%40%47.3%

Times Interest Ratio24.4421.0013.75

Gross Profit Margin49.46%49.09%46.68%

Operating Profit Margin 24.70%22.00%19.21%

Net Profit Margin15.35% 16.33%14.22%

Return on Assets (ROA)12.79% 14.65%10.23%