HW9 Question 12b

Current Attempt in Progress Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). Your answer is correct. 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.) Suppose that at the end of 2022 , 3M management used $193 million cash to pay off $193 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. Enter working capital answer to million.) Current ratio :1 Working capital million eTextbook and Media