3M Company
Balance Sheets (partial)
2022 2021
Current assets
Cash and cash equivalents $3,200 $1,881
Accounts receivable, net 3,500 3,175
Inventories 2,702 3,044
Other current assets 1,896 1,582
Total current assets $11,298 $9,682
Current liabilities $4,791 $5,869
(a)
Calculate the current ratio and working capital for 3M for 3M for 2021 and 2022. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter work
Current ratio
2021 :1
2022 :1
Working capital
2021 $ million
2022 $ million