1. What is the ultimate effect on the Acme Balance Sheet of each of the following transactions?1 Consider each transaction separately. a. Acme buys a parcel of land for $20,000 cash. b. Acme borrows $20,000, payable in 3 years at 8% interest, to buy a parcel of land. c. Acme collects $5,000 of accounts receivables. d. Acme buys $10,000 of inventory on credit, with the total amount payable in 6 months. e. Acme pays off $5,000 of a note due in 180 days. 2. What is the amount of each of the following and what does each tell you about Acme? a. working capital. b. current ratio. c. quick ratio. d. debt/equity ratio. e. profit margin. f. interest coverage ratio. g. earnings per share. h. return on equity. i. return on assets. j. return on investment