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Suppose the following financial data were reported by 3M Company for 2016 and 2017 (dollars in millions). 3M Company Balance Sheets (partial) 2017 2016 Current

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Suppose the following financial data were reported by 3M Company for 2016 and 2017 (dollars in millions). 3M Company Balance Sheets (partial) 2017 2016 Current assets Cash and cash equivalents Accounts receivable, net Inventories Other current assets 3,012 $1,812 3,045 3,024 1,524 $10,572 $9,405 $4,932 $5,878 3,080 2,606 1,874 Total current assets Current liabilities Calculate the current ratio and working capital for 3M for 2016 and 2017.(Round current ratio to 2 decimal places, e 1a Current ratio 2016 2017 Working capital 2016 2017 million milion of 2016 2017 that at the end of 2017, 3M management used $200 milion cash to pay off $ 200 milion of accounts payable. How would ts current ratio and workng milion cash to pay off $200 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.) Working capital Question Attempts: O of 3 used SAVE FOR LATER SUNGIT ANSWCR

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