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Suppose the following financial data were raported by 3M Company for 2021 and 2022 (dollars in millions). (a) (b) Suppose that at the end of
Suppose the following financial data were raported by 3M Company for 2021 and 2022 (dollars in millions). (a) (b) Suppose that at the end of 2022,3 M manasement used $197 million cash to pay off $197 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.) Currant ratio 1 Working capital million
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