ONSOLIDATED STATEMENTS OF EARNINGS (in millons, except per share amounts) Net sales Cost of sales Gross profit Selling, general and administrative expenses Earnings from operations Interest expense and financing costs Other expense, net Earnings from operations before income taxes Provision for income taxes Net earnings Net earnings per share: Basic Diluted Weighted average number of common shares: Basic Diluted 2020 4,424.0 $ 1,662.1 2,761.9 2,029.3 732.6 38.5 3.8 690.3 149.2 541.1 $ Years Ended January 31, 2019 2018 4,442.1 $ 4,169.8 1,631.1 1,559.1 2,811.0 2,610.7 2,020.7 1,801.3 790.3 809.4 39.7 42.0 7.1 6.9 743.5 760.5 157.1 390.4 586.4 $ 370.1 $ $ $ 4.47 $ 4.45 $ 4.77 $ 4.75 $ 2.97 2.96 121.1 121.6 122.9 123.5 124.5 125.1 January 31, 2019 2020 $ in millions, except per share amounts) ASSETS Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net Inventories, net Prepaid expenses and other current assets Total current assets 874.7 22.7 240.0 7926 62.7 245.4 2,4280 2,463.9 274.2 230.8 3,875.5 3,759.5 Operating lease right-of-use assets Property, plant and equipment, net Deferred income taxes Other assets, net 1,102.7 1.098.8 225.2 357.9 6,660.1 1,026.7 215.8 331.0 $ 5,333.0 yho, 20 miwiles, 23 seconds Question Completion Status: 147.9 $ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term borrowings Accounts payable and accrued liabilities Current portion of operating lease liabilities Income taxes payable Merchandise credits and deferred revenue Total current liabilities 113.4 513.4 541.5 202.8 16.4 21.4 69.9 61.8 970.4 718.1 8841 883.4 374.5 312.4 31.1 1,008.4 87.3 257.1 Long-term debt Pension/postretirement benefit obligations Deferred gains on sale-leasebacks Long-term portion of operating lease liabilities Other long-term liabilities Commitments and contingencies Stockholders' equity: Preferred Stock, 30.01 par value; authorized 2.0 shares, none issued and outstanding Common Stock, $0.01 par value; authorized 240.0 shares, issued and outstanding 121.2 and 121.5 Additional paid in capital Retained earnings Accumulated other comprehensive loss, net of tax 1.2 1,387.3 2.207.6 (273.2) 1.2 1,275.4 2.045.6 (204.8) Question Completion Status: 1.2 1.2 1.275.4 1,387.3 2.207.6 LUTTUR , DC, UNE 121.5 Additional paid-in capital Retained earnings Accumulated other comprehensive loss, net of tax Total Tiffany & Co. stockholders' equity Non-controlling interests Total stockholders' equity 2,045.6 (204.8) 3.117.4 (273.2) 3,322.9 12.5 3,335.4 6,660.1 13.5 3,130.9 5,333.0 $ $ See notes to consolidated financial statements, What is Tiffany's asset turnover ratio for the year ended January 31, 2020? 74.08% 73.78% 82.25% 83.94%
