Here are simplified financial statements for Phone Corporation in a recent year:

INCOME STATEMENT
(Figures in $ millions)
Net sales	$	13,700
Cost of goods sold		4,360
Other expenses		4,047
Depreciation		2,698
Earnings before interest and taxes (EBIT)	$	2,595
Interest expense		715
Income before tax	$	1,880
Taxes (at 35%)		658
Net income	$	1,222
Dividends	$	916

BALANCE SHEET
(Figures in $ millions)
	End of Year				Start of Year
Assets
Cash and marketable securities	$	95			$	164
Receivables		2,682				2,610
Inventories		217				268
Other current assets		897				962
Total current assets	$	3,891			$	4,004
Net property, plant, and equipment		20,033				19,975
Other long-term assets		4,276				3,830
Total assets	$	28,200			$	27,809
Liabilities and shareholders equity
Payables	$	2,624			$	3,100
Short-term debt		1,449				1,603
Other current liabilities		841				817
Total current liabilities	$	4,914			$	5,520
Long-term debt and leases		5,524				5,759
Other long-term liabilities		6,238				6,209
Shareholders equity		11,524				10,321
Total liabilities and shareholders equity	$	28,200			$	27,809

Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.)

j.	Times interest earned
k.	Cash coverage ratio
l.	Current ratio (use end-of-year balance sheet figures)
m.	Quick ratio (use end-of-year balance sheet figures)