Solution-How would its current ratio and working capital

How would its current ratio and working capital have changed

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Reference no: EM131129026

1. The following financial data were reported by 3M Company for 2006 and 2007 (dollars in millions).

Instructions

(a) Calculate the current ratio and working capital for 3M for 2006 and 2007.

(b) Suppose that at the end of 2007 3M management used $200 million cash to pay off $200 million of accounts payable. How would its current ratio and working capital have changed?

Reference no: EM131129026

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How would its current ratio and working capital have changed

Reference no: EM131129026

Reference no: EM131129026

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