Here are simplified financial statements for Phone Corporation in a recent years INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 309) Net Income Dividends $12,200 3,560 4,037 2.218 $ 2,385 635 $ 1,750 525 $ 1,225 $ 746 BALANCE SHEET (Figures in $ millions) End of Year Start of Year $ 79 1.882 137 817 $ 2,915 19,873 4,116 $ 26,904 $ 148 2,290 188 882 $ 3,508 19,815 3,670 $ 26,993 Assets Cash and marketable securitien Receivables Inventories Other current assets Total current assets Net property, plant, and equipment Other long-term assets Total assets Liabilities and shareholders' equity Payables Short-term debt Other current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity Total 11abilities and shareholders' equity $ 2,464 1,369 761 $ 4,594 9,500 6,078 6,724 $ 26,904 $ 2,940 1,523 737 $ 5,200 8,623 6,049 2.121 $ 26,993 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.) n. Long-term debt ratio (use end-of-year balance sheet figures) 1. Total debt ratio (use end-of-year balance sheet figures) J. Times interest earned k. Cash coverage ratio 1. Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures)