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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
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 ratlo to 2 decimal places, eg. 1.25 : 1 ) Suppore that at the end of 2022,3M management used $220 million cash to pay off $220 million of accounts payable. How would its current ratho and working capital have changed? (Round current rutio to 2 declmal ploces es. 1.25:1.) Current ratio 1 Scepese that at the end of 2022.3M management used 5220 millon cash to puy oft $220 million of accounts purable How would it: current ratio and working capltal have changed? (Raund curmers roto to 2 dechnd pkcer e 3.125:1. Current ratic 1 Working capltal 5 million
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