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In: AccountingAnalysis and Interpretation of Liquidity and SolvencyHeadquartered in Calgary, Alberta, Husky Energy Inc. is a...Analysis and Interpretation of Liquidity and SolvencyHeadquartered in Calgary, Alberta, Husky Energy Inc. is a publiclytraded, integrated energy company. Selected fiscal year balancesheet and income statement information for Husky Energy follow(Canadian $ millions). C$ millions 2018 2017 Cash and equivalents$2,895 $2,538 Short-term investments - - Accounts receivable 1,3691,369 Current assets 5,745 5,672 Current liabilities 4,994 3,507Total liabilities 15,611 14,960 Total equity 19,810 18,147 Earningsbefore interest and tax (EBIT) 2,116 731 Interest expense, gross314 392 Required a. Compute the current ratio and quick ratio for2018 and 2017. Note: Round your answers to two decimal places (forexample, enter 6.78 for 6.77555). 2018 2017 Current ratio Answer 0Answer 0 Quick ratio Answer 0 Answer 0 b. Compute times interestearned and liabilities?to?equity ratios for 2018 and 2017. Note:Round your answers to two decimal places (for example, enter 6.78for 6.77555). 2018 2017 Time interest earned Answer 0 Answer 0Liabilities-to-equity Answer 0 Answer 0 c. Husky's liquidity isbest described as Answer Husky's solvency is best described asAnswer