I need help in this financial statements

Instructions: .

1. Visit SEC.GOV and find the latest 10-K reports of your company.
2. Carefully review the 10-K reports

3. Part III Ratio Analysis:

4. Calculate the company's current ratio and working capital for the past two years. Comment on the companys liquidity.
5. Calculate the company's inventory turnover ratio for the past two years. Interpret the results.
6. Calculate the company's account receivable turnover ratio for the past two years. Interpret the results.
7. Calculate the company's asset turnover ratio for the past two years. Interpret the results.

Income Statement:

1. Read the footnotes to the financial statements. What is the company's revenue recognition policy?
2. For how many years of information does the companys 10-K show for(a) Balance Sheet

1. What is your overall evaluation of the companys financial performance?

954 858 Consolidated Balance Sheet - USD ($) Dec. 31, 2019 Dec. 31, 2018 $ in Millions Current assets Cash and cash equivalents $ 2,353 $ 2,853 Marketable securities - current 98 380 Accounts receivable - net of allowances 4,791 5,020 of $161 and $95 Inventories Finished goods 2,003 2,120 Work in process 1,194 1,292 Raw materials and supplies 937 Total inventories 4,134 4,366 Prepaids 704 741 Other current assets 891 349 Total current assets 12,971 13,709 Property, plant and equipment 26,124 24,873 Less: Accumulated depreciation (16,791) (16,135) Property, plant and equipment - net 9,333 8,738 Operating lease right of use assets Goodwill 13,444 10,051 Intangible assets - net 6,379 2,657 Other assets 1,674 1,345 Total assets 44,659 36,500 Current liabilities Short-term borrowings and current 2,795 1,211 portion of long-term debt Accounts payable 2,228 2,266 Accrued payroll 702 749 Accrued income taxes 194 243 Operating lease liabilities - current 247 Other current liabilities 3,056 2,775 Total current liabilities 9,222 7,244 Long-term debt 17,518 13,411 Pension and postretirement benefits 3,911 2,987 Operating lease liabilities 607 Other liabilities 3,275 3,010 Total liabilities 34,533 26,652 Commitments and contingencies (Note 16) 3M Company shareholders' equity: 34,533 26,652 9 Total liabilities Commitments and contingencies (Note 16) 3M Company shareholders' equity: Common stock par value, $.01 par value; 944,033,056 shares issued; Shares outstanding - 2019: 575,184,835; Shares outstanding - 2018: 576,575,168 Additional paid-in capital Retained earnings Treasury stock Accumulated other comprehensive income (loss) Total 3M Company shareholders' equity Noncontrolling interest Total equity Total liabilities and equity 5,907 42,135 (29,849) 5,643 40,636 (29,626) (8,139) (6,866) 9,796 52 10,063 63 10,126 $ 44,659 9,848 $ 36,500 12 Months Ended Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2017 $ 32, 136 $ 32,765 $31,657 17,136 16,682 16,055 7,029 7,602 6,626 1,821 1,870 1,911 (114) 25,962 6,174 (547) 25,558 7,207 (586) 23,965 7,692 Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions Consolidated Statement of Income Net sales Operating expenses Cost of sales Selling, general and administrative expenses Research, development and related expenses Gain on sale of businesses Total operating expenses Operating income Interest expense and income Other expense (income), net Income before income taxes Provision for income taxes Net income including noncontrolling interest Less: Net income attributable to noncontrolling interest Net income attributable to 3M Weighted average 3M common shares outstanding - basic (in shares) Earnings per share attributable to 3M common shareholders - basic (in dollars per share) Weighted average 3M common shares outstanding - diluted (in shares) Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) 462 5,712 1,130 207 7,000 1,637 144 7,548 2,679 4,582 5,363 4,869 - 12 - 14 11 $ 4,570 $ 5,349 $ 4,858 577.0 588.5 597.5 $ 7.92 $9.09 $ 8.13 585.1 602.0 612.7 $ 7.81 $ 8.89 $ 7.93 Dec. 31, 2019 Dec. 31, 2018 $ 161 $95 Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions Consolidated Balance Sheet Allowances for doubtful accounts receivable Common stock, par value per share (in dollars per share) Common stock, shares issued (in shares) Common stock, Shares outstanding (in shares) $ 0.01 $ 0.01 944,033,056 944,033,056 575,184,835 576,575,168 954 858 Consolidated Balance Sheet - USD ($) Dec. 31, 2019 Dec. 31, 2018 $ in Millions Current assets Cash and cash equivalents $ 2,353 $ 2,853 Marketable securities - current 98 380 Accounts receivable - net of allowances 4,791 5,020 of $161 and $95 Inventories Finished goods 2,003 2,120 Work in process 1,194 1,292 Raw materials and supplies 937 Total inventories 4,134 4,366 Prepaids 704 741 Other current assets 891 349 Total current assets 12,971 13,709 Property, plant and equipment 26,124 24,873 Less: Accumulated depreciation (16,791) (16,135) Property, plant and equipment - net 9,333 8,738 Operating lease right of use assets Goodwill 13,444 10,051 Intangible assets - net 6,379 2,657 Other assets 1,674 1,345 Total assets 44,659 36,500 Current liabilities Short-term borrowings and current 2,795 1,211 portion of long-term debt Accounts payable 2,228 2,266 Accrued payroll 702 749 Accrued income taxes 194 243 Operating lease liabilities - current 247 Other current liabilities 3,056 2,775 Total current liabilities 9,222 7,244 Long-term debt 17,518 13,411 Pension and postretirement benefits 3,911 2,987 Operating lease liabilities 607 Other liabilities 3,275 3,010 Total liabilities 34,533 26,652 Commitments and contingencies (Note 16) 3M Company shareholders' equity: 34,533 26,652 9 Total liabilities Commitments and contingencies (Note 16) 3M Company shareholders' equity: Common stock par value, $.01 par value; 944,033,056 shares issued; Shares outstanding - 2019: 575,184,835; Shares outstanding - 2018: 576,575,168 Additional paid-in capital Retained earnings Treasury stock Accumulated other comprehensive income (loss) Total 3M Company shareholders' equity Noncontrolling interest Total equity Total liabilities and equity 5,907 42,135 (29,849) 5,643 40,636 (29,626) (8,139) (6,866) 9,796 52 10,063 63 10,126 $ 44,659 9,848 $ 36,500 12 Months Ended Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2017 $ 32, 136 $ 32,765 $31,657 17,136 16,682 16,055 7,029 7,602 6,626 1,821 1,870 1,911 (114) 25,962 6,174 (547) 25,558 7,207 (586) 23,965 7,692 Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions Consolidated Statement of Income Net sales Operating expenses Cost of sales Selling, general and administrative expenses Research, development and related expenses Gain on sale of businesses Total operating expenses Operating income Interest expense and income Other expense (income), net Income before income taxes Provision for income taxes Net income including noncontrolling interest Less: Net income attributable to noncontrolling interest Net income attributable to 3M Weighted average 3M common shares outstanding - basic (in shares) Earnings per share attributable to 3M common shareholders - basic (in dollars per share) Weighted average 3M common shares outstanding - diluted (in shares) Earnings per share attributable to 3M common shareholders - diluted (in dollars per share) 462 5,712 1,130 207 7,000 1,637 144 7,548 2,679 4,582 5,363 4,869 - 12 - 14 11 $ 4,570 $ 5,349 $ 4,858 577.0 588.5 597.5 $ 7.92 $9.09 $ 8.13 585.1 602.0 612.7 $ 7.81 $ 8.89 $ 7.93 Dec. 31, 2019 Dec. 31, 2018 $ 161 $95 Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions Consolidated Balance Sheet Allowances for doubtful accounts receivable Common stock, par value per share (in dollars per share) Common stock, shares issued (in shares) Common stock, Shares outstanding (in shares) $ 0.01 $ 0.01 944,033,056 944,033,056 575,184,835 576,575,168