Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). 3M Company Balance Sheets (partial) Current assets Cash and cash equivalents Accounts receivable, net Inventories Other current assets Total current assets Current liabilities 2022 $3,100 3,450 2,765 1,950 $11,265 $4,814 2021 $1,899 3,140 3,013 1,587 $9,639 $5,824

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.) Suppose that at the end of 2022,3M management used $188 million cash to pay off $188 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.) Currentratio :1 Working capital million