2. Balance Sheet Analysis for Manufacturing Firm

Given the following balance sheet data for XYZ Manufacturing as of December 31, 2023:

Assets	Amount (in $ thousand)
Cash and Cash Equivalents	1,200
Accounts Receivable	2,300
Inventories	3,000
Property, Plant & Equipment	6,500
Total Assets	13,000

Liabilities & Equity	Amount (in $ thousand)
Accounts Payable	1,800
Short-term Debt	2,200
Long-term Debt	4,000
Shareholders' Equity	5,000
Total Liabilities & Equity	13,000

Requirements:

1. Calculate the Current Ratio.
2. Determine the Quick Ratio.
3. Compute the Total Debt Ratio.
4. Calculate the Equity Ratio.
5. Assess the firm's financial leverage using the Debt-to-Equity Ratio.