Selected balance sheet and income statement information for Alexander Company from 2020 and 2019 are provided below.

$ millions	2020	2019
Cash and equivalents	4,150	4,017
Short-term investments	-	-
Accounts receivable	9,334	8,633
Current assets	16,825	15,889
Current liabilities	17,660	19,595
Total liabilities	45,766	50,785
Total equity	52,832	45,004
Earnings before interest and tax (EBIT)	14,804	13,775
Interest expense, gross	682	507

1. Compute the following measures for both years

1. Current ratio
2. Quick ratio
3. Times interest earned
4. Liabilities-to-equity

2. In which year does the company appear more liquid? Why?

3. In which year does the company appear more solvent? Why?