Question: Current Attempt in Progress Suppose 3M Company reported the following financial data for 2022 and 2021 (in millions). MPANY Balance Sheet (partial) 2022 2021

Current Attempt in Progress Suppose 3M Company reported the following financial data

Current Attempt in Progress Suppose 3M Company reported the following financial data for 2022 and 2021 (in millions). MPANY Balance Sheet (partial) 2022 2021 Current assets Cash and cash equivalents $3,015 $1,820 Accounts receivable, net 3,220 3,170 Inventories 2,615 2,980 Other current assets 1,840 1,510 Total current assets $10,690 $9,480 Current liabilities $4,276 $5,676 (a) Calculate the current ratio for 3M for 2022 and 2021. (Round answers to 2 decimal places, e.g. 1.25:1) 2022 2021 Current ratio :1 :1

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