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The 10-K for 3M is for the fiscal year ended December 31, 2021. I think you should be able to google it Refer to the
The 10-K for 3M is for the fiscal year ended December 31, 2021. I think you should be able to google it
Refer to the 10K for 3M. Required: 1. What does the company report for the following accounts for the most current fiscal year: Enter your answer in millions. 2. The company projects the following to occur in the next fiscal year: - Accounts payable will decrease by 2%. - Other current llabilities are expected to decrease by 29%. - Cash flow from operations is expected to increase by 10%. Assume all other items remain unchanged from the prior year. Provide the next year's forecasted balances for the following accounts and cash flow from operations. Round your answer to the nearest million. 3. Lompute the forecasted current ratio for the next niscal year. Round your answer to two decimal places. 4. Compute the forecasted quick ratio for the next fiscal year. Round your answer to two decimal places. 5. Compute the forecasted cash ratio for the next fiscal year. Round your answer to two decimal places. 6. Compute the forecasted operating cash flow ratio for the next fiscal year. Round your answer to two decimal places. Refer to the 10K for 3M. Required: 1. What does the company report for the following accounts for the most current fiscal year: Enter your answer in millions. 2. The company projects the following to occur in the next fiscal year: - Accounts payable will decrease by 2%. - Other current llabilities are expected to decrease by 29%. - Cash flow from operations is expected to increase by 10%. Assume all other items remain unchanged from the prior year. Provide the next year's forecasted balances for the following accounts and cash flow from operations. Round your answer to the nearest million. 3. Lompute the forecasted current ratio for the next niscal year. Round your answer to two decimal places. 4. Compute the forecasted quick ratio for the next fiscal year. Round your answer to two decimal places. 5. Compute the forecasted cash ratio for the next fiscal year. Round your answer to two decimal places. 6. Compute the forecasted operating cash flow ratio for the next fiscal year. Round your answer to two decimal places Step by Step Solution
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