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Please find the 10-K for the most recent year, which is the year ending December 31, 2020, for 3M Company. Please answer the following questions

Please find the 10-K for the most recent year, which is the year ending December 31, 2020, for 3M Company. Please answer the following questions for 3M Company for the most recent year.

A. What is the most recent year-end for 3M? Why does this date seem reasonable?

B. Compute these ratios for 3M. Use the most recent year-end. The ratio formulas are from the Chapter 13 material. Note: Please show all of your work. Show the ratio formula and the numbers that go in the formula, any relevant averages or subtotals, and the result. Indicate if the result is stated in dollars, a percent, or something else.

-Earnings Quality

-Inventory Turnover

-Average Days to Sell Inventory

-Return on Equity

-Return on Sales

-Quick

-Debt

-Debt to equity

-Times Interest Earned

C. Consider the impact of Covid-19 on the financial results of 3M. In particular, see page 19 of the 10-K for the year ending December 31, 2020. (Referring to page 19 is enough, you dont have to look at other pages).

3M discusses factors related to Covid-19 that affected its financial results, both in a negative way and in a positive way. Using your own words (not cutting and pasting), please answer these two questions:

  1. What are some negative effects of the pandemic on the financial results?
  2. What are some positive effects of the pandemic on the financial results?

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