Working capital TE 2018 5857 million 2019 3616 million (b) Suppose that at the end of 2019, 3M management used $200 million cash to pay off $200 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 1.66 Working capital 3616 million Click if you would like to Show Work for this question: Open Show Work x Your answer is incorrect. Try again. Suppose the following financial data were reported by 3M Company for 2018 and 2019 (dollars in millions). 2018 3M Company Balance Sheets (partial) 2019 Current assets Cash and cash equivalents $ 3,020 Accounts receivable, net 3,270 Inventories 2,621 Other current assets 1,836 Total current assets $10,747 Current liabilities $ 4,890 $1,836 3,065 3,014 1,507 $9,422 $5,806 (a) Calculate the current ratio and working capital for 3M for 2018 and 2019. (Round current ratio to 2 decimal places, e.g. 1.25 : 1.) Current ratio 2018 2.21 :1 2019 1.63%