Chapter 17 Web Exercise

1. 3M (Minnesota Mining & Manufacturing Co.) was listed in Table 17-1 as one of the companies having a large percentage of institutional ownership. Institutional ownership represents stock held by nonindividual such as pension funds, mutal funds, or bank trust departments. Lets learn more about the company. Go to 3Ms website, www.3m.com, and follow these steps: Scroll to the bottom of the page and click Investor Relations. Click on Stock Information under Investing in 3M.

2. Scroll down and write down the following:

a. Recent price

b. 52-week high

c. 52-week low

d. 52-week price percent change

e. Average Daily Volume last 10 days

3. Return to the prior page and click on Financial Information and then click Ratios in the middle of the page. The average firm in 3Ms industry of diversified chemicals has the following ratios. How does 3M compare?

a. Price to earnings (P/E) : 21.0x

b. Price to sales : 2.4x

c. Price to book : 5.0x

d. Net profit margin : 15.0%

e. Current ratio : 1.1x