Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). 3M Company Balance Sheets (partial) Current assets Cash and cash equivalents Accounts receivable, net Inventories Other current assets Total current assets Current liabilities 2022 $3,090 3,360 2,756 1,872 $11,078 $4,756 2021 $1,800 3,165 3,001 1,629 $9,595 $5,872

Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). Calculate the current ratioand working capital for 3M for 2021 and 2022 (Round current ratio to 2 decimal places, es. 1.25:1. Enter working copital answers to million) Suppose that at the end of 2022,3M management used $193 million cash to pay off $193 million of accounts payable. How would its current ratio and working capital have changed? (Round current ratio to 2 decimal places, es. 1.25:1. Enter working copital answer to million) Current ratio :1 Working capital miltion