Financial Data for 2023 (in $000):

Item	Amount
Cash	25,000
Accounts Receivable	40,000
Inventory	30,000
Prepaid Expenses	5,000
Total Current Assets	100,000
Property, Plant & Equipment	120,000
Total Assets	220,000
Accounts Payable	30,000
Short-term Debt	15,000
Other Current Liabilities	10,000
Total Current Liabilities	55,000
Long-term Debt	80,000
Equity	85,000
Total Liabilities and Equity	220,000

Income Statement for 2023 (in $000):

Item	Amount
Sales	250,000
Cost of Goods Sold	160,000
Gross Profit	90,000
Operating Expenses	50,000
Interest Expense	10,000
Net Income Before Taxes	30,000
Taxes	6,000
Net Income	24,000

Requirements:

1. Calculate the Current Ratio and Quick Ratio.
2. Compute the Debt-Equity Ratio.
3. Determine the Gross Profit Margin and Net Profit Margin.
4. Calculate the Return on Assets (ROA) and Return on Equity (ROE).
5. Explain the importance of liquidity ratios for the company.