As of December 31, 2023, the balance sheet of ABC Corp. lists the following assets, liabilities, and equity:

• Cash: $400,000
• Accounts Receivable: $300,000
• Inventory: $200,000
• Prepaid Expenses: $50,000
• Property, Plant, and Equipment (net): $1,500,000
• Goodwill: $100,000
• Total Assets: $2,550,000
• Accounts Payable: $150,000
• Accrued Liabilities: $50,000
• Short-term Borrowings: $100,000
• Long-term Debt: $900,000
• Common Stock: $500,000
• Retained Earnings: $850,000
• Total Liabilities and Equity: $2,550,000

a. Calculate the Total Current Assets and explain their significance in assessing liquidity. b. Determine the Debt-to-Equity Ratio and discuss its implications for financial leverage. c. Analyze the components of total equity and their impact on shareholder value.