The balance sheet of XYZ Inc. as of December 31, 2023, presents the following account balances:

Assets	Amount ($)	Liabilities and Equity	Amount ($)
Cash and Cash Equivalents	$500,000	Accounts Payable	$150,000
Accounts Receivable	$300,000	Accrued Liabilities	$50,000
Inventory	$400,000	Short-term Borrowings	$100,000
Prepaid Expenses	$50,000	Long-term Debt	$600,000
Property, Plant, and Equipment	$1,200,000	Common Stock	$500,000
Accumulated Depreciation	($150,000)	Retained Earnings	$450,000
Goodwill	$300,000	Total Liabilities and Equity	$1,850,000
Total Assets	$2,600,000

a. Calculate the Total Current Assets and explain their importance in assessing liquidity. b. Determine the Total Equity and discuss its implications for shareholder value. c. Compute the Debt-to-Asset Ratio and analyze its significance in evaluating financial risk.