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The following excerpt is from the MD&A section of a recent Form 10- K for 3M Company. companies. The following table provides net debt as
The following excerpt is from the MD\&A section of a recent Form 10- K for 3M Company. companies. The following table provides net debt as of December 31. the U.S. and internationally. In addition, on the balance sheet, 3M Company reports the following balances. Required a. What is the non-GAAP measure reported? b. What initial GAAP measure is used in the reconciliation to compare to the non-GAAP measure? d. Compute the percentage change from the prior year to the current year for (1) the initial GAAP measure presented and (2) the non-GAAP measure. Round to the nearest full percentage point; for example, enter 60 for 60.4% or 61 for 60.5%. e. The company indicates that the non-GAAP measure is an indicator of liquidity. Are the components of the non-GAAP measure primarily current or noncurrer The following excerpt is from the MD\&A section of a recent Form 10- K for 3M Company. companies. The following table provides net debt as of December 31. the U.S. and internationally. In addition, on the balance sheet, 3M Company reports the following balances. Required a. What is the non-GAAP measure reported? b. What initial GAAP measure is used in the reconciliation to compare to the non-GAAP measure? d. Compute the percentage change from the prior year to the current year for (1) the initial GAAP measure presented and (2) the non-GAAP measure. Round to the nearest full percentage point; for example, enter 60 for 60.4% or 61 for 60.5%. e. The company indicates that the non-GAAP measure is an indicator of liquidity. Are the components of the non-GAAP measure primarily current or noncurrer
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