Suppose the following financial data were reported by3M Companyfor 2016 and 2017 (dollars in millions).

3M Company Balance Sheets (partial)
2017	2016
Current assets
Cash and cash equivalents	$ 3,012	$1,872
Accounts receivable, net	3,155	3,185
Inventories	2,609	3,026
Other current assets	1,814	1,534
Total current assets	$10,590	$9,617
Current liabilities	$ 4,925	$5,884

(a) Calculate the current ratio and working capital for 3M for 2016 and 2017.(Round current ratio to 2 decimal places, e.g. 1.25 : 1.)

Current ratio
2016		:1
2017		:1
Working capital
2016	$	million
2017	$	million

(b) Suppose that at the end of 2017, 3M management used $180 million cash to pay off $180 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.)

Current ratio		:1
Working capital	$	million