Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital answers to million.) Current ratio 2021 2022 Working capital 2021 2022 $ $ :1 :1 million million

Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital answers to million.) Current ratio 2021 2022 Working capital 2021 2022 $ $ :1 :1 million million

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter
working capital answers to million.)
Current ratio
2021
2022
Working capital
2021
2022
$
$
:1
:1
million
million

Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions).
3M Company
Balance Sheets (partial)
Current assets
Cash and cash equivalents
Accounts receivable, net
Inventories
Other current assets
Total current assets
Current liabilities
2022
$3,010
3,510
2,765
1,914
2021
$4,770
$1,908
3,195
3,028
1,621
$11,199 $9,752
$5,800

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