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

INCOME STATEMENT
(Figures in $ millions)
Net sales	$	12,700
Cost of goods sold		3,810
Other expenses		4,112
Depreciation		2,368
Earnings before interest and taxes (EBIT)	$	2,410
Interest expense		660
Income before tax	$	1,750
Taxes (at 30%)		525
Net income	$	1,225
Dividends	$	826

BALANCE SHEET
(Figures in $ millions)
	End of Year				Start of Year
Assets
Cash and marketable securities	$	84			$	153
Receivables		2,132				2,390
Inventories		162				213
Other current assets		842				907
Total current assets	$	3,220			$	3,663
Net property, plant, and equipment		19,923				19,865
Other long-term assets		4,166				3,720
Total assets	$	27,309			$	27,248
Liabilities and shareholders equity
Payables	$	2,514			$	2,990
Short-term debt		1,394				1,548
Other current liabilities		786				762
Total current liabilities	$	4,694			$	5,300
Long-term debt and leases		8,263				7,728
Other long-term liabilities		6,128				6,099
Shareholders equity		8,224				8,121
Total liabilities and shareholders equity	$	27,309			$	27,248

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.)

I. Total debt ratio

J. Times interest earned

K. Cash coverage ratio

L. Current ratio

M. Quick ratio