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Suppose 3M Company reported the following financial data for 2022 and 2021 (in millions). 2021 3M COMPANY Balance Sheet (partial) 2022 Current assets Cash and

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Suppose 3M Company reported the following financial data for 2022 and 2021 (in millions). 2021 3M COMPANY Balance Sheet (partial) 2022 Current assets Cash and cash equivalents $3,010 Accounts receivable, net 3,215 Inventories 2,610 Other current assets 1,835 Total current assets $10,670 Current liabilities $4,268 $1,815 3,165 2,975 1,505 $9,460 $5,688 (a) Calculate the current ratio for 3M for 2022 and 2021. (Round answers to 2 decimal places, e.g. 1.25:1) 2022 2021 Current ratio

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