Question: the question Construct and Analyze Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products,
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Construct and Analyze Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for three recent years follow. $ millions Current Assets Long- Term Assets | Total Assets Current Liabilities Long- Term Liabilities| Total Liabilities Stockholders' Equity* FY1 $14,982 ? $47,344 ? $26,465 $34,413 $12,931 FY2 15,403 31,669 ? 9,035 22,920 15,117 FY3 31,767 46,455 9,523 22,162 31,685 * Includes noncontrolling interest Required a. Compute the missing balance sheet amounts for each of the three years shown. $ millions Current Assets Long- Term Assets Total Assets Current Liabilities Long- Term Liabilities | Total Liabilities Stockholders' Equity* FY1 $14,982 $ 0 $47,344 $ 0 $26,465 $34,413 $12,931 FY2 15,403 31,669 0 9,035 22,920 0 15,117 FY3 31,767 46,455 9,523 22,162 31,685 b. Identify whether or not the following would be included among 3M's current assets. For the answer use "included" or "not includ 1. Cash and cash equivalents 2. Property plantStep by Step Solution
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