Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). 3M Company Balance Sheets (partial) 2022 2021 Current assets Cash and cash equivalents $3.160 $1,854 Accounts receivable, net 3.380 3.175 Inventories 2,630 3,010 Other current assets 1,896 1,593 Total current assets $11,066 $9,632 Current liabilities $4,896 $ $5,893 (a) Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio to 2 decimal places, eg. 1.25: 1. Enter working capital answers to million.) Current ratio 2021 :1 2022 :1 Working capital 2021 $ million 2022 million e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (b (b) Suppose that at the end of 2022,3M management used $192 million cash to pay off $192 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.) Current ratio :1 Working capital $ million e Textbook and Media Save for Later Attempts: 0 of 5 used Submit