Question 3 of 4 0.75 / 1.5 III E Suppose JM Company reported the following financial data for 2022 and 2021 (in millions 2021 3M COMPANY Balance Sheet (partial) 2022 Current assets Cash and cash equivalente $2.925 Accounts receivable.net 3.180 Inventories 2.575 Other current assets 1.800 Total current assets $10.530 $1.780 3.130 2.940 1.470 $9,320 Current liabilities $4,387 $5,604 (a) CO 10 A Suppose that at the end of 2022.3M management used $200 million cash to pay off $200 million of accounts payable What would the new ratio be? (Round answer to 2 decimal places, s 1.25:1) Current ratio :1 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit