Suppose the following financial data were reported by 3M Company for 2018 and 2019 (dollars in millions).

Instructions
(a) Calculate the current ratio and working capital for 3M for 2018 and 2019.
(b) Suppose that at the end of 2019, 3M management used $200 million cash to pay off $200 million of accounts payable. How would its current ratio and working capital have changed?

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3M COMPANY Balance Sheets (partial) 2019 2018 Current assets Cash and cash equivalents Accounts receivable, net Inventories Other current assets S 3,040 3,250 2,639 1,866 $10,795 $ 4,897 $1,849 3,195 3,013 1,541 $9,598 $5,839 Total current assets Current liabilities