Show Attempt History Current Attempt in Progress Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). 3M Company Balance Sheets (partial) 2022 2021 Current assets Cash and cash equivalents $3,020 $1,854 Accounts receivable, net 3,310 3,200 Inventories 2,738 3,007 Other current assets 1,914 1,561 Total current assets $10,982 $9,622 Current liabilities $4,838 $5,881 Your answer is correct. Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital answers to million.) Current ratio 2021 1.64 :1 2022 2.27 :1 Working capital 2021 $ 3741 million 2022 $ 6144 million e Textbook and Media Attempts: 1 of 5 used (b) Your answer is incorrect. Suppose that at the end of 2022, 3M management used $196 million cash to pay off $196 million of accounts payable. How would its current ratio and working capital have changed? (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital answer to million.) Current ratio :1 Working capital $ million