Answer Happy

Posted: **Fri Jul 01, 2022 8:36 am**

: Suppose The Following Financial Data Were Reported By 3m Company For 2021 And 3m Company Balance Sheets Partial Curren 1 (31.46 KiB) Viewed 29 times

: Suppose The Following Financial Data Were Reported By 3m Company For 2021 And 3m Company Balance Sheets Partial Curren 2 (28.97 KiB) Viewed 29 times

: Suppose The Following Financial Data Were Reported By 3m Company For 2021 And 3m Company Balance Sheets Partial Curren 3 (34.37 KiB) Viewed 29 times

Suppose the following financial data were reported by 3M Company for 2021 and 3M Company Balance Sheets (partial) Current assets Cash and cash equivalents Accounts receivable, net Inventories Other current assets Total current assets Current liabilities 2022 2021 $3,020 $1,854 3,310 3,200 2,738 3,007 1,914 1,561 $10,982 $9,622 $4,838 $5,881

Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio to 2 c working capital answers to million.) Current ratio 2021 2022 Working capital 2021 2022 62"F $ :1 :1 million million

Suppose that at the end of 2022, 3M management used $196 million cash to pay off $196 million of accounts payable. Ho its current ratio and working capital have changed? (Round current ratio to 2 decimal places, eg. 1.25: 1. Enter working capita to million.) Current ratio Working capital $ eTextbook and Media Save for Later 82'F Sunny, :1 million Attempts: 0 of 5 used Submit A hp