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 for the two companies to answer the requirements. $ millions HAL SLB Cash and equivalents $2,008 $1,433 Short-term investments - 1,344 Accounts receivable 5,025 7,566 Current assets 11,151 15,731 Current liabilities 4,610 12,947 Total liabilities 16,438 33,921 Total equity 9,162 35,123 Earnings before interest and tax (EBIT) 2,368 2,928 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 Answer 2.23 Answer 1.12 2. Quick ratio Answer 2.23 Answer 1.12 3. Times interest earned Answer 4.63 Answer 5.91 4. Liabilitiestoequity Answer 1.66 Answer 0.89 b. Which company appears more liquid? Answer HAL c. Which company appears more solvent? Answer SLB