Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio...

  

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Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital answers to million.) Current ratio 2021 2022 Working capital 2021 :1 :1 $ million 2022 $ million Suppose that at the end of 2022, 3M management used $189 million cash to pay off $189 million of accounts payable. How would its current ratio and working capital have changed? (Round current ratio to 2 decimal places, eg. 1.25: 1. Enter working capital answer to million.) Current ratio Working capital $ :1 million Current assets 3M Company Balance Sheets (partial) 2022 2021 Cash and cash equivalents $3,190 $1,908 Accounts receivable, net 3,420 3,195 Inventories 2,774 3,032 Other current assets 1,866 1,564 Total current assets $11,250 $9,699 Current liabilities $4,884 $5,899 Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital answers to million.) Current ratio 2021 2022 Working capital 2021 :1 :1 $ million 2022 $ million Suppose that at the end of 2022, 3M management used $189 million cash to pay off $189 million of accounts payable. How would its current ratio and working capital have changed? (Round current ratio to 2 decimal places, eg. 1.25: 1. Enter working capital answer to million.) Current ratio Working capital $ :1 million Current assets 3M Company Balance Sheets (partial) 2022 2021 Cash and cash equivalents $3,190 $1,908 Accounts receivable, net 3,420 3,195 Inventories 2,774 3,032 Other current assets 1,866 1,564 Total current assets $11,250 $9,699 Current liabilities $4,884 $5,899