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Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). 3M Company Balance Sheets (partial) 2022 2021

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Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). 3M Company Balance Sheets (partial) 2022 2021 Current assets Cash and cash equivalents $3,000 $1,800 Accounts receivable, net 3,200 3,100 Inventories 2,600 3,000 Other current assets 1,800 1,540 Total current assets $10,600 $9,440 Current liabilities $4,700 $5,800 Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio to 2 decimal places, e.g. 1.25:1. Enter working capital answers to million.) Current ratio 2021 2022 Working capital 2021 2022 EA $ +A :1 :1 million million

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