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Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). (a) Calculate the current ratio and working capital

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Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). (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.) 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.) (b) Suppose that at the end of 2022,3M management used $240 million cash to pay off $240 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 :1 Working capital million

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