Suppose the following financial data were reported by 3M Company for 2014 and 2015 (dollars in millions).

2014 3M Company Balance Sheets (partial) 2015 Current assets Cash and cash equivalents $ 3,008 Accounts receivable, net 3,233 Inventories 2,599 Other current assets 1,861 Total current assets $10,701 Current liabilities $ 4,948 $1,871 3,229 3,040 1,591 $9,731 $5,891 Calculate the current ratio and working capital for 3M for 2014 and 2015. (Round current ratio to 2 decimal places, e.g. 1.25:1.) Current ratio 2014 2015 Working capital 2014 2015 million million Suppose that at the end of 2015, 3M management used $200 million cash to pay off $200 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.) Current ratio Working capital s million Question Attempts: 0 of 3 used