Selected income statement and balance sheet information follows for the 3M Company for the year ended December 31. a. Compute the following ratios for both the current year and the prior year ended December 31. 1. Current ratio 2. Quick ratio 3. Total liabilities-to-equity 4. Times interest earned b. Comment on the trends from year to year regarding liquidity and solvency. Trends in the Current Year as compared to the Prior Year for the 3M Company indicate a Indicated by the current ratio Indicated by the quick ratio Indicated by the total liabilities-to-equity ratio Indicated by the times interest earned ratio These results indicate the following when comparing financial conditions from year to year: Liquidity Solvency