Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 2019 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $ 3.030 Accounts receivable.net 3.140 Inventories 2.693 Other current assets 1.860 Total current assets $10.723 Current liabilities $4.918 $1,863 3.000 3,040 1.524 59.427 55.833 (a) Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, eg. 1.25: 1.) Current ratio 2019 :1 2020 :1 Working capital 2019 $ million 2020 $ million (b) Suppose that at the end of 2020, 3M management used $150 million cash to pay off $150 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.) Current ratio :1 Working capital $ million