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 $3,140 $1,800 Accounts receivable, net 3,440 3,160 Inventories 2,675 3,022 Other current assets 1,902 1,640 Total current assets $11,157 $9,622 Current liabilities $4,841 $5,827 (a) 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 A LA $ :1 :1 million million (b) Suppose that at the end of 2022, 3M management 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.) Current ratio Working capital $ :1 million