Financials
200 Tiffany was in a good financial position in 2002 as shown in Figure 11. Its liquidity needs are expected to remain the same because of its seasonal working capital and capital ditures, which increased due to its expansion. Working capital (current assets less current liabilities) and the corresponding current ratio (current assets divided by current liabilities) were $612,978,000 and 2.8:1 at January 31, 2002 compared to $667,647,000 and 3.0:1 at January 31, 2001