View Policies Show Attempt History Current Attempt in Progress Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M Company Balance Sheets (partial 2020 2019 Current assets $3.050 $1.818 Cash and cash equivalents Accounts receivablet.net Inventories 3,560 3.185 2,729 3,036 Other current assets 1.872 1.618 Total current assets $11.211 59,657 Current liabilities $4,833 $5.872 (a) Your answer is correct Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, eg. 1.25 1. Enter working capital answers to million) Current ratio 2019 2020 -1 Working capital 2019 $ 3785 million 2020 $ million 7 - (b) Your answer is partially correct Suppose that at the end of 2020, 3M management used $194 million cash to pay off $194 million of accounts payable. How would its current ratio and working capital have changed? (Round current ratio to 2 decimal places, es 1.25 : 1. Enter working capital answer to million) Current ratio -1 Working capital $ 6378 million eTextbook and Media Attempts: 3 of 4 used Submit Answer Save for Later Last saved 10 minutes ago Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes