I need help to determine the following;

2. For P & B Manufacturing to assess its liquidity at the end of the year to calculate the current ratio AND the acid-test (quick) ratio. Include calculations and round answers to 2 decimal places.

P \& B Manufacturing also provided the following information: 1 The company sold equipment that had an original cost of $15 million and accumulated depreciation of $9 million. The cash proceeds from the sale were $11 million. The gain on the sale was $4 million. 2 The company did not issue any new bonds during the year 3 The company paid a cash dividend during the year 4 The company did not complete any common stock transactions during the year \begin{tabular}{l|l|l|} \hline 2a & ToassesstheliquidityattheendoftheyearcalculateCurrentRatioandAcid-test(quick).Roundyouranswersto2decimalplaces-forexample5.67 \\ \hline 2b & Calculate the Current Ratio & \\ \hline Calculate the Acid-test (quick) ratio & \\ \hline \end{tabular} Provide the support calculations for your ratios in the area below. For example 56.70/10=5.67