Examine the balance sheet for ABC Corp. as of December 31, 2023, to evaluate its financial performance and liquidity.

ABC Corp. Balance Sheet	As of December 31, 2023
Assets
Current Assets
Cash	$40,000
Accounts Receivable	$45,000
Inventory	$30,000
Prepaid Expenses	$5,000
Total Current Assets	$120,000
Non-Current Assets
Property, Plant, and Equipment (PPE)	$200,000
Less: Accumulated Depreciation	$70,000
Net PPE	$130,000
Intangible Assets (Goodwill)	$15,000
Total Assets	$265,000
Liabilities and Shareholders' Equity
Current Liabilities
Accounts Payable	$25,000
Short-term Debt	$10,000
Accrued Liabilities	$5,000
Total Current Liabilities	$40,000
Non-Current Liabilities
Long-term Debt	$60,000
Total Liabilities	$100,000
Shareholders' Equity
Common Stock	$110,000
Retained Earnings	$55,000
Total Shareholders' Equity	$165,000
Total Liabilities and Shareholders' Equity	$265,000

Questions:

1. Compute the quick ratio and explain its relevance to the company's short-term financial health.
2. Calculate the debt to equity ratio and discuss its significance in evaluating the company's financial leverage.
3. Determine the return on assets (ROA) and explain what it indicates about the company’s efficiency in using its assets.