Below are the financial details for YZA Inc.:

Income Statement ($ millions)

• Revenue: $4,500
• Cost of Goods Sold: $2,700
• Gross Profit: $1,800
• Operating Expenses: $1,300
• Operating Profit: $500
• Interest Expenses: $120
• Tax Expense: $70
• Net Income: $310

Balance Sheet ($ millions)

• Current Assets:
  • Cash: $60
  • Accounts Receivable: $270
  • Inventory: $370
  • Total Current Assets: $700
• Non-current Assets:
  • Property, Plant & Equipment: $1,300
  • Other Long-term Assets: $600
  • Total Non-current Assets: $1,900
  • Total Assets: $2,600
• Current Liabilities:
  • Trade Creditors: $300
  • Short-term Loans: $150
  • Total Current Liabilities: $450
• Long-term Liabilities:
  • Long-term Debt: $800
  • Total Liabilities: $1,250
• Equity:
  • Common Shares: $200
  • Retained Earnings: $1,150
  • Total Equity: $1,350
  • Total Liabilities & Equity: $2,600

Requirements:

a) Recommend financing options for YZA Inc. to raise $80 million for an R&D project without using cash reserves. b) Calculate the current ratio. c) Determine the debt-to-equity ratio. d) Assess the times interest earned (TIE) ratio.