The following financial data were reported by 3M Company for 2009 and 2010 (dollars in millions). Instructions
Question:
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Instructions
(a) Calculate the current ratio and working capital for 3M for 2009 and 2010.
(b) Suppose that at the end of 2010, 3M management used $200 million cash to pay off $200 million of accounts payable. How would its current ratio and working capital havechanged?
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a Current ratio 201012215 6089 2011 200910795 4897 2201 Working ...View the full answer
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Related Book For 
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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