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Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). Calculate the current ratio and working capital for
Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio to 2 decimal places, eg. 1.25: 1. Enter working capital answers to million.) Suppose that at the end of 2022,3M management used $195 million cash to pay off $195 million of accounts payable. How would its current ratio and working capital have changed? (Round current ratio to 2 decimal places, eg. 1.25: 1 . Enter working capital answer to million.). Current ratio :1 Working capital million eTextbook and Media Assistance Used eTextbook
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