Here are simplified financial statements for Phone Corporation in a recent year: 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 30%) Net income Dividends $ 14,000 4,510 4,212 2,788 $ 2,490 730 $ 1,760 528 $ 1,232 $ 946 BALANCE SHEET (Figures in $ millions) End of Year Start of Year $ 98 2,832 232 912 $ 4,074 20,063 4,306 $ 28,443 167 2,670 283 977 $ 4,097 20,005 3,860 $ 27,962 Assets Cash and marketable securities 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 liabilities and shareholders' equity $ 2,654 1,464 856 $ 4,974 4,777 6,268 12,424 $ 28,443 $ 3,130 1,618 832 5,580 5,222 6,239 10,921 $ 27,962 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 (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)