7. Working Capital Management for a Small Business

XYZ Small Business has the following financial details for 2023:

Particulars	Amount (in $)
Cash	50,000
Accounts Receivable	100,000
Inventory	75,000
Accounts Payable	80,000
Short-term Debt	30,000
Sales Revenue	600,000
Cost of Goods Sold	400,000
Operating Expenses	120,000

Requirements:

1. Calculate the Working Capital.
2. Determine the Current Ratio.
3. Compute the Quick Ratio.
4. Assess the Inventory Turnover Ratio.
5. Evaluate the company's liquidity position.