Please answer #2 on this, thank you!

ACME Incorporated Calculating Financial Ratios You are considering investing in Acme Incorporated. The company has provided you with the balance sheet and income statement for the previous year. The current price of one share of stock is $46.25. Earning per share last year was $1.86. 1. Calculate the requested financial ratios: a. Current ratio 2.09:1 b. Debt-to-equity ratio 29:1 Return on sales (use net income AFTER taxes) 16.18% d. Return on equity (use net income AFTER taxes) 29.65% e Earnings per share (use net income AFTER taxes) $1.93 2. Would you invest in Acme Incorporated? Why or why not? Acme Incorporated Statement of Income FY 20xX REVENUES Net Sales Other Income $4,090,970 +104 227 $4,195,197 Total Revenue $2,673,129 COST OF GOODS SOLD GROSS PROFIT (GROSS MARGIN) OPERATING EXPENSES $1,522,068 $333,300 +306,036 $639 336 Total Selling Expenses Total General Expenses Total Operating Expenses NET INCOME BEFORE TAXES Income Tax Paid (25%) NET INCOME AFTER TAXES $882,732 $220,683 $662,049 Acme Incorporated Balance Sheet December 31, 20xX ASSETS Current Assets Cash Marketable Securities Accounts Receivable Notes Receivable Inventories Prepaid Expenses and Other $280,928 514,800 108,694 855,771 218,156 88 237 Current Assets Total Current Assets $2,066,586 Fixed Assets Land Plant and Buildings Equipment Total Fixed Assets $510,000 304,096 218,500 1,744,701 Other Assets Goodwill, Net Total Other Assets 49930 TOTAL ASSETS $3.861217 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable Accrued Expenses and Other $226,977 380,496 Current Liabilities Current Portion of Finance Debt 382.579 Total Current Liabilities $990,052 Long-Term Liabilities Notes Payable Bonds Other Long-Term Liabilities Total Long-Term Liabilities $228,772 380,000 29478 Total Liabilities $1,628,303 Owner's Equity Common Stock $ 389,538 (342,196 Shares Outstanding) Retained Earnings Total Owners' Equity 843.372 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $3.861.217