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Question: Refer to the 10-k for 3M. 1. What does the company report for the following accounts for the most current fiscal year: answer in
Question: Refer to the 10-k for 3M. 1. What does the company report for the following accounts for the most current fiscal year: answer in millions
1. What does the company report for the following accounts for the most current fiscal year: Enter your answer in millions. 2. The company projects the following to occur in the next fiscal year: - Accounts payable will decrease by 1%. - Other current liabilities are expected to decrease by 27%. - Cash flow from operations is expected to increase by 9%. Assume all other items remain unchanged from the prior year. Provide the next year's forecasted balances for the following accounts and cash flow from operations. Round your answer to the nearest million. a. Cash b. Short-term investments (or marketable securities) $ c. Accounts receivable 1. What does the company report for the following accounts for the most current fiscal year: Enter your answer in millions. 2. The company projects the following to occur in the next fiscal year: - Accounts payable will decrease by 1%. - Other current liabilities are expected to decrease by 27%. - Cash flow from operations is expected to increase by 9%. Assume all other items remain unchanged from the prior year. Provide the next year's forecasted balances for the following accounts and cash flow from operations. Round your answer to the nearest million. a. Cash b. Short-term investments (or marketable securities) $ c. Accounts receivable Step by Step Solution
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