Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M Company Balance Sheets (partial) 2020 2019 Current assets $3,036 Cash and cash equivalents Accounts receivable.net $1.879 3,065 3,015 Inventories 2,681 3,022 Other current assets 1,816 1.504 Total current assets $10,598 $9.420 Current liabilities $4,988 $5,824 (a) Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, c.8. 1.25:1) Current ratio 2019 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, eg. 1.25: 1.) = Current ratio 2019 :1 2020 11 Working capital 2019 s million 2020 million (b) Suppose that at the end of 2020, 3M management used $230 million cash to pay off $230 million of accounts payable. How would its current ratio and working capital have changed? (Round current ratio to 2 decimal places, eg. 1.25: 1.) Current ratio 1 Working capital $ million