mattmore0312
27.05.2020 •
Business
Suppose the following fi nancial data were reported by 3M Company for 2016 and 2017 (dollars in millions). 3M COMPANY Balance Sheets (partial) 2017 2016 Current assets Cash and cash equivalents $ 3,040 $1,849 Accounts receivable, net 3,250 3,195 Inventories 2,639 3,013 Other current assets 1,866 1,541 Total current assets $10,795 $9,598 Current liabilities $ 4,897 $5,839 Instructions (a) Calculate the current ratio and working capital for 3M for 2016 and 2017. (b) Suppose that at the end of 2017, 3M management used $200 million cash to pay off $200 million of accounts payable. How would its current ratio and working capital have changed
Solved
Show answers
More tips
- C Computers and Internet What is a URL? Everything You Need to Know About URL Addresses...
- C Computers and Internet Why is Yandex s robot Bless.yandex.ru Important?...
- F Food and Cooking Fresh and Easy Lemonade in 10 Minutes...
- S Sport How to wrap boxing hand wraps? Everything you need to know!...
- F Family and Home How to Sew Curtain Tapes: Best Tips from Professionals...
- A Animals and plants How to Grow Lime from a Seed: Simple Tips and Interesting Facts...
- C Computers and Internet How to Create a Folder on Your iPhone?...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
Answers on questions: Business
- B Business What recommendations/actions would you provide to a coworker if they did not understand an email that was written by their supervisor?...
- M Mathematics The local zoo contracts with one of the local veterinary clinics for pet checkups and sick visites. the zoo manager thought the vet made more then 375 visits to the zoo in...
- B Biology Why is it important to pursue the use of renewable resources?...
- P Physics The eyepiece of a light microscope has a magnification level of 10x. If you were looking at a paramecium under the lowest-power objective (4x), what would be the total magnification...
- M Mathematics How to find the radius of a soccer ball with a radius of 12...
Ответ:
Definitely at nighttime
Explanation:
It is darker and less people are out