Given the following balance sheet for XYZ Corporation as of December 31, 2023, analyze the financial position of the company.

XYZ Corporation Balance Sheet	As of December 31, 2023
Assets
Current Assets
Cash	$50,000
Accounts Receivable	$30,000
Inventory	$20,000
Prepaid Expenses	$5,000
Total Current Assets	$105,000
Non-Current Assets
Property, Plant, and Equipment (PPE)	$150,000
Less: Accumulated Depreciation	$40,000
Net PPE	$110,000
Intangible Assets (Goodwill)	$20,000
Total Assets	$235,000
Liabilities and Shareholders' Equity
Current Liabilities
Accounts Payable	$15,000
Short-term Debt	$10,000
Accrued Liabilities	$5,000
Total Current Liabilities	$30,000
Non-Current Liabilities
Long-term Debt	$50,000
Total Liabilities	$80,000
Shareholders' Equity
Common Stock	$100,000
Retained Earnings	$55,000
Total Shareholders' Equity	$155,000
Total Liabilities and Shareholders' Equity	$235,000

Questions:

1. Calculate the company's current ratio and explain what this indicates about the company's short-term liquidity.
2. Determine the debt-to-equity ratio and discuss what this reveals about the company's financial leverage.
3. Assess the company's net working capital and explain its significance in terms of operational efficiency.