Analysis and Interpretation of Liquidity and Solvency Headquartered in Calgary, Alberta, Husky Energy Inc. is a publicly traded, integrated energy company. Selected fiscal year balance sheet and income statement information for Husky Energy follow (Canadian $ millions).

C$ millions	2018	2017
Cash and equivalents	$2,866	$2,513
Short-term investments	-	-
Accounts receivable	1,355	1,355
Current assets	5,688	5,616
Current liabilities	4,994	3,507
Total liabilities	15,611	14,960
Total equity	19,614	17,967
Earnings before interest and tax (EBIT)	2,095	724
Interest expense, gross	314	392

Required a. Compute the current ratio and quick ratio for 2018 and 2017. Note: Round your answers to two decimal places (for example, enter 6.78 for 6.77555).

	2018	2017
Current ratio	?	?
Quick ratio	?	?

b. Compute times interest earned and liabilitiestoequity ratios for 2018 and 2017. Note: Round your answers to two decimal places (for example, enter 6.78 for 6.77555).

	2018	2017
Time interest earned	?	?
Liabilities-to-equity	?	?

c. Husky's liquidity is best described as? Fairly strong OR Primarily weak Husky's solvency is best described as? Fairly strong OR Primarily weak