Denver Corporation showed the following information: DETAILS AMOUNT AMOUNT Total current assets P 4,800,000.00 Total noncurrent assets 5,400,000.00 Total current liabilities 1,200,000.00 Total noncurrent liabilities 1,125,000.00 Net Income before interest and taxes 522,000.00 Interest expense 120,000.00 Income taxes 230,000.00 Required. Determine the following: 1. Current Ratio 2. Times interest earned ratio