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 $5,0777,645$

Current assets $11,15115,731$

Current liabilities $4,65813,081$

Total liabilities $16,43833,921$

Total equity $9,25835,488$

Earnings before interest and tax $($EBIT$)2,3932,959$

Interest expense, gross $554537$