CALCULATING FINANCIAL RATIOS AND APPLYING RATIO ANALYSIS You are considering investing in Acme Incorporated. The company has provided you with the balance sheet and income statement for the previous year. Current price of one share of stock is $46.25. . Earning per share last year was $1.86. 1. Explain how the balance sheet and income statements differ? 2. Calculate the requested financial ratios: a Current ratio b. Quick/Acid Test ratio c. Debt-to-equity ratico d. Retum on sales (use net income AFTER taxes) e. Return on equity (use net income AFTER taxes) Return on saes (ase net income AFTER taxe) f Eamings per share (use net income AFTER taxes) CALCULATING FINANCIAL RATIOS AND APPLYING RATIO ANALYSIS You are considering investing in Acme Incorporated. The company has provided you with the balance sheet and income statement for the previous year. Current price of one share of stock is $46.25. . Earning per share last year was $1.86. 1. Explain how the balance sheet and income statements differ? 2. Calculate the requested financial ratios: a Current ratio b. Quick/Acid Test ratio c. Debt-to-equity ratico d. Retum on sales (use net income AFTER taxes) e. Return on equity (use net income AFTER taxes) Return on saes (ase net income AFTER taxe) f Eamings per share (use net income AFTER taxes)