Question
suppose the following financial data recorded by 3m company for 2021 and 2022 current assets 2021 2022 cash and cash equivalents 1908 3040 accounts receivables
suppose the following financial data recorded by 3m company for 2021 and 2022
current assets 2021 2022
cash and cash equivalents 1908 3040
accounts receivables ,net 3180 3370
inventories 3016 2774
other current assets 1628 1956
Total current assets 9732 11,140
current liabilities 5875 4882
suppose that at the end of 2022, 3M management used $188 million cash to pay off $188 million of accounts payable. How would its current ratio and working capital have changed?
this question has two parts.....I already answered part a....this question is for part b.... part a wants the current ratio and working capital for 3m for 2021 and 2022
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