Compute the leverage ratio for Tiffany and two key liquidity ratios in 2020. Balance Sheet on January 31 (5 millions) Inventory Ace Rec Other Cash Current Assets 2018 2,254 231 207 1,291 3,983 2019 2,428 245 231 855 3.760 2020 2,464 Inventory 240 Ace Rec 274 Other 897 Cash 3,876 Current Assets She ior NPPE Other F.A Total F.A. Total Assets 991 494 1,485 5.468 1,027 547 1.574 5,333 2,202 NPPE 583 Other F.A. 2.785 Total F.A. 6,660 Total Assets S.T. Debt Accs Payable Other Total C.L. 121 202 403 113 217 388 718 351 261 358 970 S.T. Debt Accs Payable Other Total C.L. 725 883 612 883 601 LT. Debt Other Total L.T. Common Eq Total L&E 1,495 3.248 5.468 1,484 3,131 5.333 884 L.T. Debt 1.470 Other 2,354 Total L.T. 3,335 Common Eq 6,660 Total L&E Income Statement for Year Ending January 31 (S millions) 2018 2019 2020 Revenues 4,170 4,442 4,424 Revenues Cost of sales 1,565 1.631 1.662 Cost of sales Gross profit 2,605 2,811 2,762 Gross profit SG&A 1.810 2,021 2,029 SG&A EBIT 795 790 733 EBIT Interest 42 40 39 Interest Other income 8 -7 4 Other income Taxable income 761 744 690 Taxable Income Taxes 390 157 149 Taxes Net Income 586 541 Net Income 370 Shares o's (million) 125 122 121 Additional Information Beta shares XCO Debt rating 0.95 T-Bill rate 10-Year T-Bond A B 0.75% 2.20% 3.24% 3.40% 3.75% 4.25% 5.20% 6.50% 9.27%