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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

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