\\v HWeCh'iO C i cominstructurecom /,'_ HWCh10 .0 I" 4 mt 52B - .1 Question 30 \"/3 View Policies (him Current Attempt in Progress Suppose the following nancial data were reported by 3M Cumpanyfor 2019 and 2020 (dollars in millions). 3M Company Balance Sheets (partial) 2020 2019 Current assets Cash and cash equivalents $ 3,010 $1,833 Accounts receivable, net 3,005 3,140 Inventories 2,648 3,015 Other current assets 1,822 1,510 Total current assets $10,485 $9,498 Current liabilities $ 4,939 $5,881 (3] Calculate the current ratio and working capital for GM for 2019 and 2020. {Round current ratio to 2 decimal places, ag. 1.25 :1.) AW-Ch10 * Course Hero X thinkwell | Exercise X Microeconomics chapter 7 & 8 x Nintendo Switch Lite - Coral : 1 x C coc.instructure.com/courses/19919/assignments/507399?module_item_id=1032456 G Current liabilities $ 4,939 $5,881 (a) Account Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25 : 1.) Current ratio Dashboard 2019 :1 Courses 2020 :1 Calendar Working capital 2019 million Inbox 2020 million Help (b) Suppose that at the end of 2020, 3M management used $300 million cash to pay off $300 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.) Current ratio :1 Working capital $ million eTextbook and Media K Save for Later Attempts: unlimited Submit