1. Compute the leverage ratio for XCO and two liquidity ratios for 2020

Balance Sheet on January 31 ($ millions)
	2018			2019	2020
Inventory		2,254		2,428	2,464		Inventory
Acc Rec		231		245	240		Acc Rec
Other		207		231	274		Other
Cash		1,291		855	897		Cash
Current Assets	3,983			3,760	3,876		Current Assets
NPPE	991			1,027	2,202		NPPE
Other F.A.	494			547	583		Other F.A.
Total F.A.	1,485			1,574	2,785		Total F.A.
Total Assets	5,468		5,333		6,660		Total Assets
S.T. Debt	121		113		351		S.T. Debt
Accs Payable	202		217		261		Accs Payable
Other	403		388		358		Other
Total C.L.	725		718		970		Total C.L.
L.T. Debt	883		883		884		L.T. Debt
Other	612		601		1,470		Other
Total L.T.	1,495		1,484		2,354		Total L.T.
Common Eq	3,248		3,131		3,335		Common Eq
Total L&E	5,468		5,333		6,660		Total L&E