Solved: Calculate the current ratio and working capital for 3m for, Cost Accounting

Calculate the current ratio and working capital for 3m for

The following financial data were reported by 3M Company for 2008 and 2009 (dollars in millions).

984_Current ratio and working capital have changed.PNG

Instructions

(a) Calculate the current ratio and working capital for 3M for 2008 and 2009.

(b) Suppose that at the end of 2009, 3M management used $200 million cash to pay off $200 million of accounts payable. How would its current ratio and working capital havechanged?

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Cost Accounting: Calculate the current ratio and working capital for 3m for

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Cost Accounting: Calculate the current ratio and working capital for 3m for

Reference No:- TGS0816825

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