Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 2019 $1,872 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $ 3,012 Accounts receivable, net 3.155 Inventories 2,609 Other current assets 1,814 Total current assets $10,590 Current liabilities $ 4,925 3,185 3.026 1,534 $9,617 $5,884 (a) Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25: 1.) Current ratio 2019 1.61 :1 2020 2.17 :1 Working capital 2019 $ 3607 million 2020 $ 5816 million (b) Suppose that at the end of 2020, 3M management used $180 million cash to pay off $180 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 2.22 :1 Working capital $ 5816 million