Suppose 3M Company reported the following financial data for 2027 and 2026 (in millions). (a) Your answer is correct. Calculate the current ratio for 3M for 2027 and 2026. (Round answers to 2 decimal places, e.g. 1.25:1) eTextbook and Media Attempts: 1 of 3 used (b) Suppose that at the end of 2027,3M management used $310 million cash to pay off $310 million of accounts payable. How would its current ratio change? (Round answer to 2 decimal places, eg. 1.25:1) Current ratio :1