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 Cash and cash equivalents $3,070 $1.908 Accounts receivable.net 3,270 3,180 Inventories 2,693 3,047 Other current assets 1,932 1,616 Total current assets $10.965 $9.751 Current liabilities $4,821 $5,869 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, eg 1.25: 1. Enter working capital answers to million.) Current ratio 2019 1.64 :1 2020 2.30 :1 Working capital 2019 $ 3743 million 2020 6292 million (b) Suppose that at the end of 2020, 3M management used $196 million cash to pay off $196 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. Enter working capital answer to million.) Current ratio :1 Working capital S million 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 Cash and cash equivalents $3,070 $1.908 Accounts receivable.net 3,270 3,180 Inventories 2,693 3,047 Other current assets 1,932 1,616 Total current assets $10.965 $9.751 Current liabilities $4,821 $5,869 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, eg 1.25: 1. Enter working capital answers to million.) Current ratio 2019 1.64 :1 2020 2.30 :1 Working capital 2019 $ 3743 million 2020 6292 million (b) Suppose that at the end of 2020, 3M management used $196 million cash to pay off $196 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. Enter working capital answer to million.) Current ratio :1 Working capital S million