Compute Liquidity and Solvency Ratios for Competing Firms Halliburton and Schlumberger compete in the oil field services sector. Refer to the following 2018 financial data $ millions Cash and equivalents Short-term investments Accounts receivable Current assets HAL SLB $2,008 $1,433 - 1,344 5,234 7,881 11,151 15,731 Current liabilities Total liabilities Total equity 4,802 13,486 16,438 33,921 9,544 36,586 Earnings before interest and tax (EBIT) 2,467 3,050 Interest expense, gross 554 537 a. Compute the following measures for both companies. Note: Round your final answers to two decimal places (for example, enter 6.78 for 6.77555). HAL SLB 1. Current ratio 2.35 x 1.18 x 2. Quick ratio 1.51 0.79 3. Times interest earned 4.41 x 5.62 x 4. Liabilities-to-equity 1.74 x 0.94 x b. Which company appears more liquid? HAL c. Which company appears more solvent? SLB +